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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (328619)3/12/2007 6:02:16 PM
From: TimF  Read Replies (1) of 1575072
 
1 - Going back to 1977 is going back to a low point. The mid and late seventies where the lowest point for military spending as a % of GDP since before the Korean war until Clinton.

2 - The top defense companies consolidated. They grabbed a bigger share of the business, and they bought out smaller companies (and large companies merged or where bought as well). The top 7 is not representative of all defense companies or all weapons production. They had a smaller share of the pie in the 40s, 50s, 60s, and probably 70s and 80s.

3 - Sure they grew revenue. Again I'm not saying the "defense industrial complex" is smaller in absolute terms (although by some measurements over some periods it is) but that its a smaller part of the country.
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