this post was submitted on 23 Jul 2024
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Interesting comment from Jared Isaacman: https://x.com/rookisaacman/status/1815801469532266841
Yes, the US Government is locked into many monopolies, especially for highly specialized items.
That doesn't make one more better at all though.
I disagree with his second point. We've seen for years now, that when companies act like monopolists, they become a successful monopoly. There is very little checks and balances here. Yeah, they risk antitrust actions, but those happen so incredibly rarely.
And in so far as competition, investment heavy industry like this needs billions in startup capital. Very few, if any, are going to get that.
I will never shed a tear for Northrop, Lockheed, Boeing, etc losing contracts.
It comes down to experience and actually being able to build what's needed. There just simple are not that many companies that can reliably ships, missiles, tanks, and spacecraft.
The government is obviously going to go with companies that can do it.