[roenxi]

In the big picture I'd probably mildly agree with his view that the defence industry proper isn't the US's biggest problem right now and railing against Military-Industrial complex is using the wrong term. But his arguments are a bit weird.

He classifies the Tech companies as not part of the military industrial complex, which seems like a mistake. The US tech industry is integrated with the US intelligence establishment and is effectively part of their military presence. Musk, for example, was making a very visible contribution to the Ukranian war effort with Starlink. Google & Facebook are a bigger threat than the US military when it comes to governments being taken out in my opinion and the US military is probably more of the same mind than they let on.

He's also very focused on earnings which is a headscratcher. He has revenues right next to that, and revenues are what matter. Earnings just say the US weapons producers are an inefficient industry which isn't a matter of controversy because it doesn't matter much. He seems to be confused about what figures to look at.