[ahelwer]

The purpose of the military is not to be an effective fighting force. That is, at most, a happy side effect. The purpose is to shovel as much public money as possible into the private companies comprising the military industrial complex. So your efficient-market-hypothesis-but-for-the-military idea is essentially just not even wrong.

[scottyah]

There's a group of people for whom that may be true, but it's certainly not a driver for the majority of people in the military.

[ahelwer]

The will of the majority of people in the military is irrelevant, because they don't call the shots. The military is not a democracy.