Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Tuesday, December 30, 2014

Hourly cost of operating US military aircraft



Busines  Insider ‏@businessinsider

This chart shows the staggering hourly cost of operating US military aircraft  


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The US military is set replace many of its aircraft with planes that cost substantially more to operate by the hour.

James Fallows, a national correspondent for The Atlantic, noted in a recent cover story for the magazine that costly military projects of questionable worth are becoming increasingly spread throughout congressional districts across the country. This means that projects such as the astronomically expensive F-35 become too politically sensitive to ever cancel, even if the planes themselves aren't cost-effective once they make it to the air.

The following graphic, courtesy of The Atlantic, highlights the disparity in flight hour costs for various aircraft in the US fleet. 













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