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The US’s biggest problem right now appears to be an inability to build. The U.S. is the world’s biggest arms seller in terms of revenue and yet it seems it’s i
by addicted 3y ago
The US’s biggest problem right now appears to be an inability to build.
The U.S. is the world’s biggest arms seller in terms of revenue and yet it seems it’s incapable of ramping up ammunition production to meet the needs of the Ukrainian military, which would be a fraction of the needs of what a war that involved the U.S. fighting a symmetric power like China or Russia, as opposed to cave dwellers from the 19th century would require.
Add to that the general inability for the U.S. across both private and public sectors to do anything cheaply which means even a poorer nation might still have greater resource capacity than the U.S. So even though China's economy, contrary to expectations even a year ago, might now never grow as large as the US’s economy in dollar terms, it would still have greater capacity because it’s able to wrangle out a lot more output for every dollar than the U.S. is.
Finally, while Russia’s invasion of Ukraine thoroughly discredited the Russian military, it’s also exposed the US’s lack of preparedness for the next version of war which will be heavily driven by drones and the like. Unfortunately the U.S. is relying on heavy expensive weaponry and doesn’t seem to have a great counter for inexpensive weaponry deployed in mass. So, Russia can fire large number of cheap Iranian drones at Ukraine, but Ukraine has to spend a million dollars worth of defensive weaponry to take down 100k worth of those drones, an economic difference which would not be sustainable in a larger war.
- hotpotamus 3y agoYou're probably aware but for anyone not familiar, the economic term you're describing is called "purchasing power parity" (PPP) and I seem to remember that China had more or less matched the US in PPP terms some time ago. I can say this - as much issue as I might have working in software development, I'm definitely not interested in moving to some other state to work on ammunition presses or whatever it would be to contribute to some foreign war. Even if I believed (which I do) that we are more or less on the righteous side.
- pylua 3y agoPeople probably would move if the jobs paid well and the housing cost was affordable. The reality is that the United States has priced its people out.
- hotpotamus 3y agoYes, I don't know what "ammunition press operator" or whatever pays, but I doubt it's enough to put the kids through college in any state in the country these days. Somehow the military industrial complex is as profitable as ever though.
- riku_iki 3y ago> "purchasing power parity" (PPP) this is usually heavily weighted by consumer basket, meaning China has cheap rice, clothes and basic services, but PPP for oil, cars, aircrafts, ships, industrial machinery will be equal.