Author: greendragon

China "The most corrupt country currently". How to solve?   [Copy link] 中文

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Post time 2014-2-1 16:15:17 |Display all floors
China leaders and policy makers should read this book and learn from the most cor.rupted country in the world the US.   

Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex
by William D. Hartung

http://www.amazon.com/Prophets-W ... mplex/dp/1568586973

Hartung, a frequent commentator on the relationship between government and military contractors, takes readers through the history of Lockheed Martin, a company that began humbly in 1916 and has become a “mega-firm” whose ties to the U.S. government are, at least as presented here, at best ominous and at worst downright frightening. The author, who directs the New America Foundation’s Arms and Security Initiative, sounds like he has a whole arsenal of axes to grind. In his view, the story of Lockheed Martin is a story of shady foreign deals, influence peddling, massive cost overruns, price irregularities, conspiracy, bribery, and shoddy workmanship. He has very little that is approving to say about the company (which, to be sure, is a highly influential and powerful weapons maker), and some readers might wonder if there is perhaps more to the story—a more balanced version—that Hartung isn’t telling. But he argues his case forcefully, and while the book is clearly written from a specific political point of view, it undeniably provides much food for thought. --David Pitt --This text refers to an out of print or unavailable edition of this title.

By Retired Reader on January 9, 2011 comments :

This book is built around two intertwined themes: a minor theme on the corporate history of the Lockheed Martin Aerospace Company (LM); and a major theme on the workings of what President Eisenhower famously referred to as the "military-industrial complex." This book is not an attack on LM, but uses the aerospace giant as the center piece of an exposition on the inter-action of the Department of Defense (DOD), the Congress, and private contractors in the design and acquisition of defense systems.

Actually the corporate history of LM is interesting enough that one wished Hartung had gone into more detail. In any event it provides enough of a sketchy history to follow how small scale airplane manufacturing effort begun by the Loughead brothers (who latter changed the spelling to Lockheed to avoid having people mispronounce their name) was gradually transformed into the aero-space giant that it is today.

The bulk of the book really is concerned with showing why what should be a fairly straight forward process of a military service buying a weapon system has become such a convoluted and complicated business. Since before its merger with Martin Marietta, LM was primarily an aircraft manufacturer, Hartung provides a lot of examples of USAF procurement practices with the unwritten assumption they are representative of DOD as a whole.

First there is the universal practice of low bidding. That is a contractor will purposely try to win a contractor by offering to produce a system at a much lower cost than what it will actually cost to produce. Once the contract is awarded the cost then can be adjusted upward in collusion with the client. Then there is the matter of `requirements creep' once a contract is awarded the client has no qualms about changing or adding to the original requirements. Engineering new requirements into a system can be very costly. Finally there is congress and the matter of protecting jobs in states and congressional districts. Cost overruns are supported by congress to keep plants open and job growth going in key districts.

Although LM is used to exemplify this process throughout this book, it is the DOD procurement system and pork barrel politics that are actually at fault here. There are no villains here, but a lot of short sighted fools.

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Post time 2014-2-3 02:23:50 |Display all floors
The fundamental reason for the corruption in China is that Chinese people are entitled to the wealth.

Therefore, the only solution is giving those wealth, and lot lot more to the new top 1%. As 99% lose their entitlement,everything is legalized and can't be classified as corruption.

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Post time 2014-2-3 02:31:18 |Display all floors
Imagine a hedge fund on wall street, if it makes 100 million dollars of profits, the hedge fund will keep 20%, and give the 80% to the investors.

Now compare the system in China to a hedge fund, government officers are hedge fund managers. (Such analog is not valid in "free" world, as people are not the owners of capital.)

The corruption in China is basically equivalent to the hefty payment to the top executives in hedge fund. The difference is that in China, the investors (people) are supposed to get 100%. Therefore the money government officers (or top executives) get becomes illegal, unlike in "free" world.

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Post time 2014-2-3 03:32:57 |Display all floors
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Post time 2014-2-4 12:43:43 |Display all floors
bushier Post time: 2014-2-1 16:15
China leaders and policy makers should read this book and learn from the most cor.rupted country in  ...

like HP printers.

The PRINTERS is literally GIVEN AWAY FREE - very cheap, less than US$100 a set with FANTASTIC everything in features ---->then comes the EXPENSIVE ink set, US$50 for a set black and colour cartridges that can only do about a few hundred pages of print.

ha ha ha

cheerios!

Green DRagon

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Post time 2014-2-4 12:47:20 |Display all floors
This post was edited by greendragon at 2014-2-4 15:09
zakoi Post time: 2014-1-31 08:03
I don’t agree “China is the most corrupt country currently”.
South Asian countries like India, P ...

summary so far.

1. India, Pakistan.....more corrupt than China.
<my commentary - to be corrupt or bribe prone = you need to have the resources, credit to exchange for work, favours, aesthetic, psychological-physiological experience or information, thus is impossible for nations with 1/10 to 1/15 the size of China or USA, the No.2, and No.1 economy of the world to be equally BRIBE PRONE or corrupt.>
2. My further commentary - thus USA and CHINA is the most corrupt and bribe prone nations on the face of the earth. The most corrupt per capita will probably be the SWISS, with the AUSSIES "hot" on the race!

{:soso_e103:}


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Post time 2014-2-4 15:40:09 |Display all floors
who are these SWISS people, super humans?

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