Lockheed Martin and the Military-Industrial Complex with William Hartung

William Hartung joins me to discuss his book, Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex. In the episode, we discuss many of the defining moments of the defense industrial base, including: contract terms and cost overruns on the C-5A during the 1960s; the Lockheed bail out and international bribery scandals of the 1970s; the spare-parts pricing scandals of the 1980s, such as the $600 toilet seat; and the industry consolidation in the post-Cold War 1990s. We also touch on how Congress gets involved in weapon systems decisions; why a dollar spent on the defense industry doesn't produce as many jobs as investments in healthcare, education, and infrastructure; whether contractors can be considered specialists in government compliance; and much more. I'd like to thank Bill for joining me on Acquisition Talk. Be sure to check out some of other work, such as his Twitter feed, articles at The Nation, Defense One, The Mises Institute,  his other books on Amazon. Check out his official page at the Center for International Policy. This podcast was produced by Eric Lofgren. Soundtrack by urmymuse: "reflections of u". You can follow us on Twitter @AcqTalk and find more information at AcquisitionTalk.com.