Tuesday, November 15, 2011

Capitalism Moves in Mysterious Ways

 From UK Telegraph:
"In total, the committee said it had found more than a million fake parts had made their way into warplanes such as the Boeing C-17 transport jet and the Lockheed Martin C-130J "Super Hercules".
It also found fake components in Boeing's CH-46 Sea Knight helicopter and the Theatre High-Altitude Area Defence (THAAD) missile defence system.
"A million parts is surely a huge number. But I want to repeat this: we have only looked at a portion of the defence supply chain. So those 1,800 cases are just the tip of the iceberg," said Senator Carl Levin."
What does this say about capitalism and global free markets?  What does this say about our military?  Fake, cheap, knockoff Chinese electronics in our Trillion Dollar Per Year defenses?   We can do better than this.