China's Military Gets More Bang for the Buck - Bloomberg View: "... in recent years the military appears to have wasted huge amounts of money on programs of dubious value, like the F-35 Lightning jet fighter. That program has seen its costs balloon to $400 billion -- about 2.5 percent of one year of U.S. GDP -- and will undoubtedly see costs go much higher. But the plane still does not work. Nor is the F-35 particularly unique. Programs like the F-35 have provided Americans with jobs, but have often been of dubious value to our military while costs greatly exceed initial estimates. Meanwhile, new Chinese weapons systems continually exceed U.S. expectations...."
Briefly Noted for 2020-10-26
2 days ago