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While the peacetime ROI is shit, it's still stimulus of after a fashion. Hopefully the EU is somewhat over it's bad austerity ideas from 2008. NATO absolutely
by Ericson2314 6y ago
While the peacetime ROI is shit, it's still stimulus of after a fashion. Hopefully the EU is somewhat over it's bad austerity ideas from 2008.
NATO absolutely should go.
> It's the same reason US has a hard time bringing back manufacturing once it has become reliant on China.
I don't really think so, because in that case there is/was wage arbitrage. Yes the US is subsidizing on an ongoing basis, but that doesn't quite feel the same for reasons I cannot articulate.
- greedo 6y agoDefense spending isn't really an effective stimulus since the end result is primarily a jobs program. Any materiel purchases just sit there, not generating revenue (as a factory would).
- Ericson2314 6y agoI do agree, but it's not a 0 stimulus, because basically the supply chain can be multi-purpose. I would never choose military spending as a stimulus, that's basically fascist, but as a slight silver lining to make ditching NATO more palatable I would definitely want to bring it up.
- greedo 6y agoThat's why I said "effective." The military supply chain really isn't multi-purpose, at least in the US and Western Europe. The technology, while having come similarity with consumer goods really is in a different class. As a jobs program, it's fine; kind of like how NASA treats the space program.