Worldwide
West Africa/Gulf of Guinea
Southeast Asia/Philippines
Gulf of Mexico/Central and South America
"We must be ready to dare all for our country. For history does not long entrust the care of freedom to the weak or the timid. We must acquire proficiency in defense and display stamina in purpose." - President Eisenhower, First Inaugural Address
Culture is upstream from performance.If you use Apple Podcasts, and miss the show live, you can pick up this episode and others and add Midrats to your podcast list simply by going here. Or on Spreaker. The show also is reportedly on Spotify.
Behind a sometimes playful, sometimes serious, argument about what rank structure the new Space Force should use is the very serious matter of culture.
Culture for any organization is the foundation future success or failure, and is a based on words, and titles. These mean things – especially when they are related to the actual work you do.
Using their recent article, Parochialism, not Congress or naval history, will kill the Space Force, returning Midrats alumni Matt Hipple and Jack McCain will be with us for the full hour in a broad ranging discussion on building the right foundation and culture for Space Force … and maybe a few minutes about the upcoming Dune remake too.
Many of us who know Rand's work have noticed that with each passing week, and with each successive bailout plan and economic-stimulus scheme out of Washington, our current politicians are committing the very acts of economic lunacy that "Atlas Shrugged" parodied in 1957, when this 1,000-page novel was first published and became an instant hit.Ah, "windfall profit taxes" are familiar to those of us who toiled in the oil business.
***
For the uninitiated, the moral of the story is simply this: Politicians invariably respond to crises -- that in most cases they themselves created -- by spawning new government programs, laws and regulations. These, in turn, generate more havoc and poverty, which inspires the politicians to create more programs . . . and the downward spiral repeats itself until the productive sectors of the economy collapse under the collective weight of taxes and other burdens imposed in the name of fairness, equality and do-goodism.
***
The current economic strategy is right out of "Atlas Shrugged" {note: Mr. Moore wrote this during the early days of President Obama's administration} The more incompetent you are in business, the more handouts the politicians will bestow on you. That's the justification for the $2 trillion of subsidies doled out already to keep afloat distressed insurance companies, banks, Wall Street investment houses, and auto companies -- while standing next in line for their share of the booty are real-estate developers, the steel industry, chemical companies, airlines, ethanol producers, construction firms and even catfish farmers. With each successive bailout to "calm the markets," another trillion of national wealth is subsequently lost. Yet, as "Atlas" grimly foretold, we now treat the incompetent who wreck their companies as victims, while those resourceful business owners who manage to make a profit are portrayed as recipients of illegitimate "windfalls."
From 1980 to 1988, the WPT may have reduced domestic oil production anywhere from 1.2% to 8.0% (320 to 1,269 million barrels). Dependence on imported oil grew from between 3% and 13%. The tax was repealed in 1988 because (1) it was an administrative burden to the Internal Revenue Service (IRS), (2) it was a compliance burden to the oil industry, (3) due to low oil prices, the tax was generating little or no revenues in 1987 and 1988, and (4) it made the United States more dependent on foreign oil. The depressed state of the U.S. oil industry after 1986 also contributed to the repeal decision.Get that? The attempt to rake in more taxes actually lowered productivity and decreased revenue. But it sure sounded good politically, and is back today. It's still nonsense.
In our COVID-19 summer doldrums, what could be better than kicking back with a nice cold drink with the kings of natsec social distancing, Sal & EagleOne for a live Midrats free-for-all?
Come join us this Sunday from 5-6pm as we cover the waterfront from San Diego to DC; the Taiwan Strait to Cypriot gas fields.
As always, the chat room will be up and the phone lines will be open.If you use Apple Podcasts, and miss the show live, you can pick up this episode and others and add Midrats to your podcast list simply by going here. Or on Spreaker. The show also is reportedly on Spotify.
This week we are returning to a critical topic that, like it's subject, needs an ongoing push. At the very moment that the need for American Seapower advocacy is most critical, it is nowhere to be found.If you use Apple Podcasts, and miss the show live, you can pick up this episode and others and add Midrats to your podcast list simply by going here. Or on Spreaker. The show also is reportedly on Spotify.
Are there existing institutions that can refocus their efforts or expand their mandate to do the job - or do we need something new?
Building off his article from earlier this week, our guest this week is returning guest, Bryan McGrath, CDR USN (Ret.), Managing Director of The FerryBridge Group LLC defense consultancy.
Bryan grew up in Mount Laurel, New Jersey, and graduated from the University of Virginia in 1987. He was commissioned upon graduation in the United States Navy, and served as a Surface Warfare Officer until his retirement in 2008. At sea, he served primarily in cruisers and destroyers, rising to command of the Destroyer USS BULKELEY (DDG 84). During his command tour, he won the Surface Navy Association’s Admiral Elmo Zumwalt Award for Inspirational Leadership, and the BULKELEY was awarded the USS ARIZONA Memorial Trophy signifying the fleet’s most combat ready unit. Ashore, Bryan enjoyed four tours in Washington DC, including his final tour in which he acted as Team Leader and primary author of our nation’s 2007 maritime strategy entitled “A Cooperative Strategy for 21st Century Seapower.”
Since retirement, Bryan has become active in presidential politics, serving first as the Navy Policy Team lead for the Romney Campaign in 2012, and then as the Navy and Marine Corps Policy lead for the Rubio Campaign in 2016.