Raytheon goes brrr
United States | News & Politics
Raytheon stock goes brrr, Raytheon output not so much.
Do you ever feel like this is disinformation?
I know private capitalism is inefficient with these things but also hard for me to believe that the US being as fucking bloodthirsty as it is ever gets to the point where it couldn't wage a couple wars at a time if it wanted. And, obviously, this would be a justification for more arms stockpiling.
I really don't. The purpose of the US military industrial complex is to soak up as much tax money as possible and put it back in the hands of the oligarchs. Stockpiling arms goes directly against this principle because it requires maintaining factories, and weapons stores, curating supply chains, hiring many workers, and so on. All of that translates into costs. A much better approach is to create projects like F35 which are built in artisanal batches over many years, and require expensive maintenance contracts for function. You can suck up billions for each toy you deliver, and you don't have to ramp up large scale production.
Other statistic indirectly show just how pitiful the industrial base in the US really is. For example, only 192,474 of American students pursue engineering degrees our of 3 million total degrees, a mere 6.4%. Not only that, but only 37% of students begin an engineering career after completing an engineering degree. The number of engineers acts as a proxy for technicians, skilled workers, and a general industrial capacity.
The lack of engineering talent is the reason Raytheon had to get retirees back to restart missile production.
Funny thinking about some retired Raytheon engineer being approached to continue making weapons like fucking Galen Erso. "I'm too old for this shit."
Yeah, that makes sense though. Amazing the US hasn't been dethroned already.
I think a lot of it comes down to the historical advantages the US enjoyed since the end of WW2. A deep dive into the whole thing https://dialecticaldispatches.substack.com/p/the-stress-test-liberalism-never