AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
#424 – Bassem Youssef: Israel-Palestine, Gaza, Hamas, Middle East, Satire & Fame
Lex Fridman Podcast
Efficiency and Profiteering in the Military-Industrial Complex
The United States military utilizes various weapons like drones and lasers, managed by individuals comfortably behind screens, resembling a massive Xbox game. A significant portion of the defense budget, nearly 68%, totaling almost $850 billion annually, is allocated to unnecessary weapons due to contracts. An example revealed in a 60 Minutes segment illustrated how weapon companies inflate prices, such as a safety valve selling for $9,000 instead of its previous price of $329. This profiteering extends to critical components like the stinger missile, originally priced at $25,000 but now sold for $400,000, impacting military operations such as grounding the Apache fleet in Iraq because of a single overpriced valve.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode