Topic: The Lack of Major Wars May Be Hurting Economic Growth - page 2. (Read 1200 times)
Some great points made in this thread....if only more people could take a break from watching TV all day, and actually engage in conversations like these, we would all be better off.
Ferengi Rule of Acquisition # 34: War is good for business.
Ferengi Rule of Acquisition # 35: Peace is good for business.
Ferengi Rule of Acquisition # 35: Peace is good for business.
WW2 was the exception
No. You neglected to read the link above: https://en.wikipedia.org/wiki/Broken_window_fallacy
Basically, war gives the government an excuse for raising wages which is what leads to economic growth, at least in terms of rising living standards. Of course, the elites have to feel threatened enough or at least bribed enough to play along, at least for the duration. To be effective, the war has to require a fair bit of industrial production and large enough armies and long enough duration to have an impact on the workforce, which is why our most recent small scale wars have had little or negative impact.
It doesn't give than excuse to raise wages, it just makes it so there's more jobs because you suddenly have to start producing everything that you can go blow up. As such, this may be less common due to the advent of automated construction of different things related to war.It's the weapon producers who make the "money" from war, which pays those who own stocks in the company. Or you have to be employed under their name.
Some civilian jobs can make money from it too, however, as military surplus stores will get orders from or have the doomsday preppers come and buy up lots of their stuff.
Or you can go serve in the military
But war shouldn't be a necessity for economic growth. Start making more electronics or start popularising other things! That's how money is made in America...
From the linked article:
“Rather, the very possibility of war focuses the attention of governments on getting some basic decisions right — whether investing in science or simply liberalizing the economy. Such focus ends up improving a nation’s longer-run prospects…War brings an urgency that governments otherwise fail to summon.”
Translation: We are stupid.
“Rather, the very possibility of war focuses the attention of governments on getting some basic decisions right — whether investing in science or simply liberalizing the economy. Such focus ends up improving a nation’s longer-run prospects…War brings an urgency that governments otherwise fail to summon.”
Translation: We are stupid.
To speak about war as beneficial to an economic situation is to defile all the victims that lose their lives, or their family members, their homes, their security, their safety.
Shame on the NYT for its constant warmongering ways.
Shame on the NYT for its constant warmongering ways.
Basically, war gives the government an excuse for raising wages which is what leads to economic growth, at least in terms of rising living standards. Of course, the elites have to feel threatened enough or at least bribed enough to play along, at least for the duration. To be effective, the war has to require a fair bit of industrial production and large enough armies and long enough duration to have an impact on the workforce, which is why our most recent small scale wars have had little or negative impact.
These academics are paid by the Oligarchs to sit around writing up nonsense that justifies the continued rape of the working classes.
Tyler Cowen is a professor of economics at George Mason University in Virgina.
https://en.wikipedia.org/wiki/Tyler_Cowen
Ian Morris is a Brit working for Stanford in California.
https://en.wikipedia.org/wiki/Ian_Morris_%28historian%29
Although aggression is immoral, self-defense is not. I would love to see some video of these academic toadies directly experiencing a bit of the "war" they are so fond of. Armed men busting into their upper-class kitchens one Saturday morning and anally raping them while drinking their expensive coffee would somewhat repay them for their writings.
Tyler Cowen is a professor of economics at George Mason University in Virgina.
https://en.wikipedia.org/wiki/Tyler_Cowen
Ian Morris is a Brit working for Stanford in California.
https://en.wikipedia.org/wiki/Ian_Morris_%28historian%29
Although aggression is immoral, self-defense is not. I would love to see some video of these academic toadies directly experiencing a bit of the "war" they are so fond of. Armed men busting into their upper-class kitchens one Saturday morning and anally raping them while drinking their expensive coffee would somewhat repay them for their writings.
Spoken like a typical american.
War does not increase wealth, it transfers it to a few, with much attendant damage and destruction that diminishes the whole.
At one time it was inconceivable that economic growth could exist without slavery. So too with war and all other non-productive forms of economic activity. Given the cleverness with which men destroy each other there may be innovations with other applications, but on the whole the result is pain, misery, and deprivation for most.
At one time it was inconceivable that economic growth could exist without slavery. So too with war and all other non-productive forms of economic activity. Given the cleverness with which men destroy each other there may be innovations with other applications, but on the whole the result is pain, misery, and deprivation for most.
Quote
The Lack of Major Wars May Be Hurting Economic Growth
It’s not because war spending itself is so good. It’s because the threat of war can inspire countries to do great things.
http://www.nytimes.com/2014/06/14/upshot/the-lack-of-major-wars-may-be-hurting-economic-growth.htmlIt’s not because war spending itself is so good. It’s because the threat of war can inspire countries to do great things.
What an Orwellian "war is peace" rhetoric
Also a classical Broken Window Fallacy https://en.wikipedia.org/wiki/Broken_window_fallacy
And if war is what we need for inspiration, what a sad state of affairs the human mind is in.
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