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Well, you don't have to be a genius to realize that extensive usage in Ukraine + potential wars in Palestine & Taiwan + low production (actual&capacity) = short
by einpoklum 3y ago
Well, you don't have to be a genius to realize that extensive usage in Ukraine + potential wars in Palestine & Taiwan + low production (actual&capacity) = shortage.
As for the article, it focuses on mergers and the free reign of finance capital over this field. The notion of production of goods within the sphere of (modern, financialized) marketplace is unceremoniously dismissed:
> the government has allowed Wall Street to determine who owns, builds, and profits from defense spending ... the consequence ... are predictable. Higher prices, worse quality, lower output.
So, apparently the author wants the US government to reign in private capital in favor of stronger state control of the economy - so that the US can prevent Taiwan from being integrated into a state where private capital is strongly reigned in by state control of the economy.
Similarly, he want the government to reign in Wall Street for winning the war in Ukraine, after which Wall Street will run roughshod there in the reconstruction bonanza.