> There's too much group-think in the executive class.

I think this is actually the long tail of "too big to fail." It's not that they're all thinking the same way, it's that they're all no longer hedging their bets.

> we have made the rewards too extreme and too narrowly distributed

We give the military far too much money in the USA.

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makeitdouble 34 minutes ago | parent [-]

> We give the military far too much money in the USA.

~ themafia, 2025

(sorry)

On a more serious note the military is sure a money burning machine, but IMHO it's only government spending, when most of the money in the US is deliberately private.

The fintech sector could be a bigger representation of a money vacuuming system benefiting statistically nobody ?

	▲	wat10000 16 minutes ago \| parent [-]
		It's around 3.4% GDP. That puts us in the top 10% or so worldwide, but it's not ridiculously high. It's on a similar level as countries such as Morocco and Colombia, which aren't known for excessive military spending. It's still kind of high for a country with no nearby enemies, but for the most part, US military spending is large because the US economy is large.