As Nasa is a government agency, I wonder if lack of regulation and oversight played a hand in this.
This sort of scenario is exactly why I'm concerned about the recent trend towards rampant free market economics and libertarianism. Those ideas have merit in certain situations, but also increase risk to the public as witnessed here by losses that are proportionately much higher than any efficiency savings.
I'm also concerned about how many other agencies and companies might be affected by this sort of fraud that we haven't heard about yet. We saw the same thing happen with faulty (mostly imported) capacitors, insecure voting machines, increased healthcare costs, illness/financial hardship from GMOs and pesticides (again, mostly oversees), the list goes on.
It didn't used to be like this when I was growing up in the 80s and 90s. We had different fraud then (for example monopolies and duopolies that held back telecommunications, the savings and loan scandal, industrial waste superfund sites...), but also a stronger manufacturing base in our economy. I'm just going to throw the idea out there that we're seeing a link between deregulation, fraud, increased costs on the public sector, and a slowing economy.
This sort of scenario is exactly why I'm concerned about the recent trend towards rampant free market economics and libertarianism. Those ideas have merit in certain situations, but also increase risk to the public as witnessed here by losses that are proportionately much higher than any efficiency savings.
I'm also concerned about how many other agencies and companies might be affected by this sort of fraud that we haven't heard about yet. We saw the same thing happen with faulty (mostly imported) capacitors, insecure voting machines, increased healthcare costs, illness/financial hardship from GMOs and pesticides (again, mostly oversees), the list goes on.
It didn't used to be like this when I was growing up in the 80s and 90s. We had different fraud then (for example monopolies and duopolies that held back telecommunications, the savings and loan scandal, industrial waste superfund sites...), but also a stronger manufacturing base in our economy. I'm just going to throw the idea out there that we're seeing a link between deregulation, fraud, increased costs on the public sector, and a slowing economy.