Hacker News new | ask | show | jobs
by minor_nitwit 4568 days ago
The article acts like there's a chance that Boeing is in serious trouble, but the US government has programs to prevent the loss of defense manufacturing capabilities.

The status quo is, if a product is not needed in the US, but the manufacturing base to produce it is, to cover a potential major conflict, then the US sends foreign aid to another nation, who in return agree to buy our defense products. In the end, the government just wrote a direct check to a defense contractor to build a weapon for someone else, who probably didn't need it, but it shakes out as being 'foreign aid.' For a good example of this, check out how many tanks the Egyptian government has.

1 comments

NPR's Planet Money podcast had a great episode about Egypt and all their extra tanks and jets that they get paid to buy. http://www.npr.org/blogs/money/2013/08/23/214928040/episode-...