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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (36923)9/10/2009 6:04:15 PM
From: TimF  Read Replies (1) of 71588
 
How about National Defense? Our "government" can't get competitive bids for tanks, missiles, bullets, guns, etc.?

General the core functions of government life defense aren't looked at as socialist, but technically in a sense they are. We have national government ownership of the means to provide "national defense services", and the DoD acts as a monopsony buyer for most of the equipment it uses in the US market.

Also thanks for bringing up defense. How well do you think the government has negotiated to keep down the costs for ships and aircraft used by the military? How about smaller items like the coffee pots and other things that famously cost the military far more than civilians would pay for the same thing.

Is our government a "monopsony" (whatever the heck that is) when it is buying defense goods?

Yes. (for the US market)

(whatever the heck that is)

A monopoly is a single provider/seller. A monopsony is similar, but its a single buyer.
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