Comment by nateglims
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
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
No 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.
Ready for what? War with China or Russia? Do you really think multibillion dollar aircraft carriers are what would win that war?
Ah the broken window fallacy.
https://en.wikipedia.org/wiki/Parable_of_the_broken_window