"Outsourcing America’s Defense Industry" on Tim Danahey Show

Defense spending as a percentage of GDP is shrinking and American defense contractors are outsourcing their systems, research, and development. Even worse, the major defense contractors are cutting way back on capital investment and research. Criticize the defense as much as you want but their research has brought us things like the internet and GPS. Instead of investing in research, defense contractors are using their cash for dividends and stock buybacks. In 2014, they gave 102% of their record profits to increase returns to stockholders,. The military wants to “Buy American” but it’s getting harder. Globalists say the military’s thinking is old-fashioned and the military needs to embrace international sources for defense systems and research – including China. You’ll want to listen to manufacturing and technology expert, Richard McCormack present what many perceive as a growing danger to national security. Have the capitalists “sold the rope to our enemies with which they will hang us?” We also cover other subjects during the hour including low wages, and Amazon. You’ll also be proud of a letter that three former SEC commissioners sent to the current Chairperson of the Security and Exchange Commission: the former commissioners says it’s time to force corporations to disclose campaign contributions. The Tim Danahey Show discusses economics, government, social issues, history, and non-fiction books in a magazine format featuring in-depth conversations with guests. Politics and inflammatory conversations are discouraged as they are divisive and counter-productive. Instead, the show seeks under-reported topics and delves into facts, different perspectives, and ramifications of each perspective. The show does not espouse a political agenda. Danahey’s strength is to take complex subjects, talk with experts and make them comprehensible and entertaining for average listeners.