4 ms·
It is though, more value is generated by the MIC than is put in and war has yet to ruin the productive capacity of the United States. The societal ills of this
by nateglims 2y ago
It is though, more value is generated by the MIC than is put in and war has yet to ruin the productive capacity of the United States. The societal ills of this are why it’s popular to call America an evil empire
- wuliwong 2y agoAh the broken window fallacy. https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window
- nateglims 2y agoNo actually, that's about the opportunity cost of war. There's a left-wing argument I frequently see that the US finds wars to increase profitability but I'm talking about the propping up of firms to keep the industrial capacity ready. It is not the most productive use of capital, but it is productive.
- whamlastxmas 2y agoReady for what? War with China or Russia? Do you really think multibillion dollar aircraft carriers are what would win that war?
- nateglims 2y agoReady for whatever the pentagon wants.
- whamlastxmas 2y agoI don’t want a trillion dollars a year to spent so that the pentagon can have whatever it wants
- nateglims 2y agoI don't either, and I don't want a war with either Russia or China nor do I want the slow escalation that is currently happening. But the political reality is that the US will not be decreasing defense spending any time soon. There's no voting this situation away.