That's a great column. Rent-seeking by private industry is, in my opinion, a much bigger problem in this country than about 85% of the other crap the parties spend time fighting about.
Here is an interesting column a (very liberal) friend posted on FB yesterday, this is a good place to post it as the defense industry is the king robber-baron of all rent-seekers:
http://truth-out.org/opinion/item/11781-meet-the-welfare-queens-of-the-1-the-moochers-mitt-missed-work-for-the-pentagon
A good bit:
That said, there is no dispute about the status of major Pentagon contractors, their utter dependency on government, and their outsized profiteering. Lockheed Martin, the largest contractor, receives about 85 percent of its revenues from US Government contracts. Government sales accounted for more than 90 percent of revenue to Northrop Grumman, the fourth largest contractor, during the last three years.
Unlike the cases of Dimon or Blankfein, I doubt one American in a thousand knows who Wes Bush is. The CEO of Northrop Grumman, he made over $26 million last year, exceeding JPMorgan Chase's payout to Dimon, the highest paid bank CEO. In fact, the chiefs of the five largest Department of Defense (DoD) contracting firms hauled in $107 million combined, more than the top five bank CEOs (who limped in with a mere $75 million altogether). Yet somehow, this form of income redistribution through the medium of government manages to bounce off the consciousness of people like Romney and his supporters like Swedish peas off an Abrams tank.