4 ms·
There is still a sensible positive interpretation. It's possible that the distortionary economic and geopolitical effects of this spending both domestically and
by drak0n1c 2y ago
There is still a sensible positive interpretation. It's possible that the distortionary economic and geopolitical effects of this spending both domestically and abroad has just as severe or worse negative externalities as items with larger budgets. Those externalities could range from inflation, displacing local industries and organic fundraising mechanisms, enabling rent-seeking corruption, overproduction of idle elites, instilling self-crit degrowth ideation, and political polarization/backlash abroad (My Japanese relatives now have a very dim view of Rahm Emanuel and Biden due to their USAID type activities and strings-attached diplomacy of paternalistic progressive cultural imperialism).
A reverse Keynesian effect you could call it - where there are second-order deadweight loss effects from "NGO" grift make-work complex, rather than a synergy.