Sublime

For something written in 1994, the last chapter of this was ... very very prescient about the decline of the defence-industrial base https://t.co/vdVLtvwB8y

But analysts in the Navy’s official think tank came up with a new strategic idea: finite deterrence . All the U.S. needed, they argued, was enough nuclear weapons to destroy the 100 largest cities in the Soviet Union; this could be done with a mere 640 mis -siles in 40 submarines

In late 1970, Lockheed was near bankruptcy because of the large debt they had built up to fund the L-1011 Tristar commercial aircraft program. They approached the Nixon administration for a $250 million loan guarantee to avoid insolvency. That is about $1.9 billion in today’s dollars. Here was an opportunity to transfer the assets to a private... See more