the Pentagon also purchases the output of high-technology industry, it serves as a state-guaranteed market for waste-production—that’s what contracts for developing weapons systems are; I mean, you don’t actually use the weapons you’re paying for, you just destroy them in a couple years and replace them with the next array of even more advanced stuff you don’t need. Well, all of that is just perfect for pouring continuous taxpayer subsidies into high-tech industry, and it’s because of these enormous subsidies that American high tech is competitive internationally.

