Chapter
The Origins of US War Contracts Explained
51:13 - 56:31 (05:17)
During World War II, the US adopted a contracting system allowing companies to turn their focus from industrial to war production. This system was necessary as companies had no prior experience in making weapons or tanks, and needed to estimate the cost of doing so.
Clips
The guest speaker talks about how quotes from him have been fabricated by the media and the difficulty of being quoted accurately.
51:13 - 53:58 (02:45)
Media
Summary
The guest speaker talks about how quotes from him have been fabricated by the media and the difficulty of being quoted accurately.
ChapterThe Origins of US War Contracts Explained
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The US government's contracting system which turned the US industry into a war machine during World War II has made it difficult for small defense companies to grow into large ones in the current industry where only a handful of big primes dominate and receive payments on a cost-plus basis.
53:58 - 56:31 (02:32)
US defense industry
Summary
The US government's contracting system which turned the US industry into a war machine during World War II has made it difficult for small defense companies to grow into large ones in the current industry where only a handful of big primes dominate and receive payments on a cost-plus basis.