So I went into class thinking that we should close down the excess production capacity in the US arms industry. After all, it seemed like the major reason those plants were still open was because of political patronage. After listening to the arguments in favor of keeping the situation unchanged, I went home and thought about it some more. I reread my notes. And you know what?
I don't see any real alternative to keeping the plants open. Yeah, it's wasteful, but given the alternatives, I don't really see another option. It's painful. I don't like it. I hate spending money (ANYBODY's money), but like I said, what other options do we have?
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