Market watch: Dow Jones drops approx. 300 points, 4% today. Drops below 7000 points.

[Bitmap Frogs]

Kasz216 said:

Bitmap Frogs said:

That's a weak reply. 

Was the military statement as efficient with their R+D budget as a private corporation or privately held institute of research would be? Or to put it in a different way: would a privately managed entity have yielded more scientific and technologic breakthroughs with that budget?

Military projects are often veiled in secrecy, covered in red tape, managed by peers with a common military background and overseed over closed-door sessions of a very small number of democrately elected civilians. Traditionally those are the breeding grounds of inefficiency and corruption.

Said groups would never get said budget since such ventures are both

A) Too expensive except for government.

B) The final product is too expensive except for the government... until it goes down in price after the initial sticker prices are paid back via government contracts.

It's just like Nasa.  Could a public corporation do better?  Dunno.  They'll never get the funding since there isn't enough motivation outside of the government doing it.

 

But that's the point I'm talking about. If the government were to take 5 billion from military spending and distributed it amongst privately managed investigation institutes -where the money would be under public scrutiny- as a society the US could get a better return on their tax money. We want less taxes and more efficiently managed, don't we?