Exactly, this guy is a rational and well informed ghoul. His whole argument seems to be to buy American, but his analysis of European military capacity is pretty sound. I completely agree that US suffers from having a privatized military industrial complex as well though. For contrast, Russia has a state owned industry, and the difference in cost is stark. It literally costs an order of magnitude more to produce an artillery shell in the west:

Russia’s production costs are also far lower than the West’s, in part because Moscow is sacrificing safety and quality in its effort to build weapons more cheaply, Mr. Salm said. For instance, it costs a Western country $5,000 to $6,000 to make a 155-millimeter artillery round, whereas it costs Russia about $600 to produce a comparable 152-millimeter artillery shell, he said.