Planning and Profits: The Military-Industrial Complex and British Naval Arms Manufacture, 1918-41
2018
In a time of great need for Britain, a small coterie of infl uential businessmen
gained access to secret information on industrial mobilisation as advisers to the
Principal Supply Offi cers Committee. They provided the state with priceless
advice, but, as ‘insiders’ utilised their access to information to build a business
empire at a fraction of the normal costs. Outsiders, in contrast, lacked infl uence
and were forced together into a defensive ‘ring’ – or cartel – which eff ectively
fi xed prices for British warships. By the 1930s, the cartel grew into one of the
most sophisticated profiteering groups of its day.
This book examines the relationship between the private naval armaments
industry, businessmen, and the British government defence planners between
the wars. It reassesses the concept of the military-industrial complex
through the impact of disarmament upon private industry, the role of leading
industrialists in supply and procurement policy, and the successes and failings
of government organisation. It blends together political, naval, and business
history in new ways, and, by situating the business activities of industrialists
alongside their work as government advisors, sheds new light on the operation
of the British state.
This is the story of how these men profi ted while eff ectively saving the
National Government from itself.
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