The defense industry and the US government are inextricably linked
Fresh on the heels of news that the government will take a 10 percent stake in failing chip company Intel, Commerce Secretary Howard Lutnick has floated the possibility of commanding a direct stake in Lockheed Martin and other large defense corporations. Speaking on CNBC, and extolling the “exquisite” proficiency of Lockheed products, he claimed “my Secretary of Defense and Deputy Secretary of Defense are thinking about it.” The proposal obviously fulfills a key requirement, which is to appeal to the transactional proclivities of the boss. Donald Trump had greeted the Intel arrangement as a “good deal” criticized only by “stupid people,” and suggested that there will be more such investments.
