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Author: Rachel Weber
Publisher: Routledge
ISBN: 0429976658
Category : Political Science
Languages : en
Pages : 206
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Book Description
Contemporary legal doctrine holds that corporate managers have obligations, first and foremost, to maximize profits for their shareholders. This doctrine is based on the assumption that shareholders alone bear the financial risks and contribute the equity necessary for production. But what if other groups contribute assets and also risk losing their investments? What if other groups actually shelter shareholders from financial risks? Such is the case with the nation's prime defense contractors. By examining the case of defense contracting, where the federal government and, indirectly, the taxpayers assume most of the risks and costs of producing weaponry, Rachel Weber critiques the assumptions underlying our system of corporate governance.The Department of Defense provides contracts for billions of dollars, specialized components and facilities, interest subsidies, tax breaks, and regulatory relief. These public contributions make the record shareholder returns and executive compensation packages of the early 1990s all the more problematic. This book follows the case of General Dynamics, the nation's largest military shipbuilder and considered a trendsetter in the industry for its explicit shareholder orientation. The behavior of contractors like General Dynamics in the post-Cold War period raises serious concerns about the private stewardship of public funds. How can the government make contractors accountable to other public interests? In Swords into Dow Shares Rachel Weber offers some original suggestions for redirecting defense resources to foster innovation, decrease the tax burden of military spending, and help to retain and create high-wage jobs in a civilian-industrial economy.
Author: Rachel Weber
Publisher: Routledge
ISBN: 0429976658
Category : Political Science
Languages : en
Pages : 206
Get Book Here
Book Description
Contemporary legal doctrine holds that corporate managers have obligations, first and foremost, to maximize profits for their shareholders. This doctrine is based on the assumption that shareholders alone bear the financial risks and contribute the equity necessary for production. But what if other groups contribute assets and also risk losing their investments? What if other groups actually shelter shareholders from financial risks? Such is the case with the nation's prime defense contractors. By examining the case of defense contracting, where the federal government and, indirectly, the taxpayers assume most of the risks and costs of producing weaponry, Rachel Weber critiques the assumptions underlying our system of corporate governance.The Department of Defense provides contracts for billions of dollars, specialized components and facilities, interest subsidies, tax breaks, and regulatory relief. These public contributions make the record shareholder returns and executive compensation packages of the early 1990s all the more problematic. This book follows the case of General Dynamics, the nation's largest military shipbuilder and considered a trendsetter in the industry for its explicit shareholder orientation. The behavior of contractors like General Dynamics in the post-Cold War period raises serious concerns about the private stewardship of public funds. How can the government make contractors accountable to other public interests? In Swords into Dow Shares Rachel Weber offers some original suggestions for redirecting defense resources to foster innovation, decrease the tax burden of military spending, and help to retain and create high-wage jobs in a civilian-industrial economy.
Author: B. Sheehy
Publisher: Springer
ISBN: 0230583016
Category : Law
Languages : en
Pages : 265
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Book Description
Private military organizations are a new and important feature of the international landscape. They offer control of potential massive violence to the highest bidder with very limited accountability. This book offers critical insights into both the phenomenon and the challenges of and potential for regulation.
Author: David S. Sorenson
Publisher: Bloomsbury Publishing USA
ISBN: 0313348448
Category : History
Languages : en
Pages : 229
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Book Description
The United States government invests billions each year on equipping armed forces with the most advanced military equipment. The root of the American defense acquisition system is driven by a combination of national interests and domestic political requirements. While fundamentally the defense acquisition system has produced results for the United States military, improvements are needed in order to continue to move forward in advancing military tactics and technology. Exploring both the systemic and political levels of the system, Sorenson argues that the United States will fall behind if the current defense acquisition system is not reformed. This book brings together elements of this complicated system, such as national security requirements, and the changes that are needed in both the structural and political pillars. A combination of political interests and the needs of the military, serviced by an ever-shrinking defense industry, make a genuine acquisition reform even more difficult, resulting in reform that is more symbolic than genuine.
Author: Jennifer Mittelstadt
Publisher: University of Pennsylvania Press
ISBN: 1512823244
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
Throughout its history, the U.S. military has worked in close connection to market-based institutions and structures. It has run systems of free and unfree labor, taken over private sector firms, and both spurred and snuffed out economic development. It has created new markets—for consumer products, for sex work, and for new technologies. It has operated as a regulator of industries and firms and an arbitrator of labor practices. And in recent decades it has gone so far as to refashion itself from the inside, so as to become more similar to a for-profit corporation. The Military and the Market covers two centuries of history of the U.S. military’s vast and varied economic operations, including its often tense relationships with capitalist markets. Collecting new scholarship at the intersection of the fields of military history, business history, policy history, and the history of capitalism, the nine chapters feature important new research on subjects ranging from Civil War soldier-entrepreneurs, to the business of the construction of housing and overseas bases for the Cold War, to the U.S. military’s troubled relationships with markets for sex. The volume enriches scholars’ understandings of the depth and complexity of military-market relations in U.S. history and offers today’s military policymakers novel insights about the origins of current arrangements and how they might be reimagined. Contributors: Jessica L. Adler, Timothy Barker, Patrick Chung, Gretchen Heefner, Jennifer Mittelstadt, A. Junn Murphy, Kara Dixon Vuic, Sarah Jones Weicksel, Mark R. Wilson, Daniel Wirls.
Author: Miriam Pemberton
Publisher: Taylor & Francis
ISBN: 100060148X
Category : Political Science
Languages : en
Pages : 205
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Book Description
The U.S. military economy incorporates hundreds of American communities. This is the first book to connect our national security apparatus to the local level via deeply reported portraits of six carefully selected locations, including military Meccas and out-of-the-way places. They are woven into the warfare economy by bases, nuclear weapons labs, and production sites. The book includes an invaluable overview of how the military is structured, how its budget is made, and what it costs. It also shows how the military economy perpetuates itself. In on-the-ground reporting, Pemberton traces the lines of connection between the tour stops presented here and our country’s foreign policy, industrial policy, and budget priorities. She examines the meaning of national security in the current moment, as climate change becomes what the military itself calls "an urgent and growing threat." And she dramatically demonstrates how redirecting our militarized foreign and industrial policy toward climate security can help these communities become part of the solution. For students, scholars, public servants, and all concerned citizens, this book is essential reading.
Author: Alex Roland
Publisher: JHU Press
ISBN: 1421441810
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
"The book covers the Cold War origins of the military-industrial complex and explains its current relevance since the 9/11 terrorist attacks"--
Author: Randall E. Parker
Publisher: Routledge
ISBN: 0415677033
Category : Business & Economics
Languages : en
Pages : 473
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Book Description
This book aims to introduce readers to the important macroeconomic events of the past two hundred years. It explains what went on and why during the most significant economic epochs of the nineteenth, twentieth and early twenty-first centuries and how where we are today fits in this historical timeline.
Author: James C. Bradford
Publisher: John Wiley & Sons
ISBN: 1444315110
Category : History
Languages : en
Pages : 1136
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Book Description
With more than 60 essays, A Companion to American MilitaryHistory presents a comprehensive analysis of the historiographyof United States military history from the colonial era to thepresent. Covers the entire spectrum of US history from the Indian andimperial conflicts of the seventeenth century to the battles inAfghanistan and Iraq Features an unprecedented breadth of coverage from eminentmilitary historians and emerging scholars, including little studiedtopics such as the military and music, military ethics, care of thedead, and sports Surveys and evaluates the best scholarship on every importantera and topic Summarizes current debates and identifies areas whereconflicting interpretations are in need of further study
Author: S. Mike Pavelec
Publisher: Bloomsbury Publishing USA
ISBN: 1598841882
Category : History
Languages : en
Pages : 454
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Book Description
The first complete reference on the military-industrial complex, from its Cold War era expansion to the present. The Military-Industrial Complex and American Society addresses the broad subject of the political economy of defense research and its wide-reaching effects on many aspects of American life. Ranging from the massive arms buildup of the Cold War to the influx of private contractors and corporations such as Halliburton, it reveals the interconnectedness of the military, industry, and government within the history of this public/private enterprise. The Military-Industrial Complex and American Society offers over 100 alphabetically organized entries on a wide of range of significant research bodies and government agencies, as well as important people, events, and technologies. In addition, a series of essays looks at such essential topics as propaganda, think tanks, defense budgeting, the defense industry and the economy, and the breakdown of the military-industrial complex in Vietnam. With this work, students, policymakers, and other interested readers will understand the ramifications of the relationships between industry, scientific and technological communities, the government, and society.
Author: Michael A. Pagano
Publisher: University of Illinois Press
ISBN: 0252096010
Category : Political Science
Languages : en
Pages : 201
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Book Description
Cities, counties, school districts and other local governments have suffered a long-lasting period of fiscal challenges since the beginning of the Great Recession. Metropolitan governments continue to adjust to the "new normal" of sharply lower property values, consumer sales, and personal income. Contributors to this volume include elected officials, academics, key people in city administrations, and other nationally recognized experts who discuss solutions to the urban problems created by the Great Recession. Metropolitan Resilience in a Time of Economic Turmoil looks at the capacity of local governments to mobilize resources efficiently and effectively, as well as the overall effects of the long-term economic downturn on quality of life. Introducing the reader to the fiscal effects of the Great Recession on cities, the book examines the initial fraying and subsequent mending of the social safety net, the opportunities for pursuing economic development strategies, the challenges of inter-jurisdictional cooperation, and the legacy costs of pension liabilities and infrastructure decay. Contributors are Phil Ashton, Raphael Bostic, Richard Feiock, Rachel A. Gordon, Rebecca Hendrick, Geoffrey J.D. Hewings, David Merriman, Richard Nathan, Michael A. Pagano, Breeze Richardson, Annette Steinacker, Nik Theodore, Rachel Weber, and Margaret Weir.
