And now, the Congressional-Corporate interactive Corruption!


PZ has brought attention to congressional corruption (in the form of insider trading) and corporate corruption (in the form of stock buy-backs) earlier today. But hark! Fear not that they have lost out on opportunities to engage in mutual corruption. 119 members of congress, including Dems and Reps both, are now calling to use anti-coronavirus legislation to boost purchases of F-35 fighters.

Now one or both of you may actually be confused. While there’s legitimate concern for the economy and stimulus is warranted, the concern isn’t that defense contractors don’t have enough work, but rather that people who are unable to work for fear of transmitting the virus will stop spending money, either because they completely run out or because of fear their savings might not last. Economic stimulus always functions best when given to the poorest, and this case is no exception. Indeed, production speed wouldn’t be increased, so calling for more fighters simply means that production activities due to end a decade from now will instead come to a close 3 or 5 years later than that. While defense contractors like the legislation I’m sure, it does fuck all to help the economy now.

But if neither the virus is vulnerable to air-to-air missiles nor its economic effects offset by distant future delays in closing fighter jet assembly lines, we can at least take heart that the military-industrial-congressional complex have been brought together in hard times to work in unison for mutually beneficial corruption.

Comments

  1. lumipuna says

    There’s a Finnish expression (in casual journalistic language) where various political tricks to stimulate an ailing economy are likened to “resuscitation” or sometimes “breathing support”. It seems oddly appropriate in the current situation (not just in USA, either).

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