March of the Four–Stars: The Role of Retired Generals and Admirals in the Arms Industry

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

searcher

morning
Moderator
Benefactor
Messages
19,890
Reaction score
3,670
Points
288
A bit long but a good read.

March of the Four–Stars: The Role of Retired Generals and Admirals in the Arms Industry​

Introduction​

This brief documents the extent to which recently retired four–star generals and admirals have gone to work as lobbyists, executives, board members, consultants, or financiers of the arms industry upon leaving government service. It covers the period from June 2018 through July 2023.

The role of generals and admirals in the arms industry is part of the larger problem of the revolving door, in which hundreds of senior Pentagon and military officials go to work for major Pentagon contractors every year, using their contacts with former colleagues to wield influence on behalf of their corporate employers and clients. A 2021 report by the Government Accountability Office found that over 1,700 senior government and military officials — including generals, admirals, and top acquisition officers — went to work for one or more of the top 14 weapons contractors between 2014–19, for an average of over 300 per year.2 This report looks in greater detail at a smaller number of “revolvers,” focusing only on four–star generals and admirals.

The revolving door is a problem because it creates the appearance — and in some cases the reality — of conflicts of interest in the making of defense policy and in the shaping of the size and composition of the Pentagon budget. The role of top military officials is particularly troubling, given their greater clout in the military and the government more broadly than most other revolving door hires. Their influence over policy and budget issues can tilt the scales towards a more militarized foreign policy.

Read the rest here:

 
Same issue with Congress critters and the lobbyist industry. Lot's of backs getting scratched all over.
 
Back
Top Bottom