From " boutique" R&D to an antiquated acquisitions process, the Department of Defense is in dire need of revamping in an economically/militarily unstable world
Commenting on the economic peril embroiling the United States, billionaire investor Warren Buffett—often described as "the Oracle of Omaha"—has been very vocal since the stock market implosion of 2008. "This is sort of an economic Pearl Harbor." 1 Nearly 80 and revered by many as epitomizing capitalist success, Mr. Buffett acknowledges the nation has taken a shot but recommends not betting against the United States. Invoking the Pearl Harbor metaphor, Mr. Buffett casts a bright light not only on the need to address our economic crisis, but on how the Department of Defense (DOD) addresses 21st-century threats. He is sounding a claxon, and we would be wise to listen up. Fundamental U.S. security interests are at stake.