Join us at noon on Friday, 23 October 2020 for a special digital version of the Inquire Capitalism’s Research in Progress Luncheon Seminar (lunch not required) Never Enough: The Evolution of U.S. Defense Contractor Policy, 1950s-2010s Dr. Mark Wilson, University of North Carolina, Charlotte In the decades after World War II U.S. military authorities believed, as did many corporate executives, that as the defense sector became more privatized, profit margins needed to rise, to attract sufficient private investment into the defense sector. Defense officials were attempting to navigate a challenging problem in Cold War political economy: how to compete with the Soviet Union (which could command huge public investments in defense without any regard to profit), while relying substantially, and increasingly, on for-profit firms and profit-seeking investors. It was often a quixotic project, stymied by unanticipated events and unintended consequences, including contractors’ inabilit...
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