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Is War Good for the Economy?

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July 31, 2010 – Comments (4)

There are some very smart people, who think a greater war is looming, including Faber, Paul Craig Roberts, Celente, Chris Martenson etc....

Americans are told that war is good for the economy. People make the point out that WW2 brought the US out of the Great Depression. 

Vox Day provides a quick address to the issue in Mailvox: responding to a liberal:

http://voxday.blogspot.com/

"The reason we were the most prosperous country on Earth 40 years ago was very simple and easily proved. The USA was about the only major economy on Earth that had not had its industrial infrastructure completely destroyed by World War II and American industry made an absurd amount of money selling both consumer and capital goods into European and Asian markets that had to rebuild their industrial base. This was the source of our post-1940s economic growth and concomitant wealth. Now that all of our former competitors have rebuilt their economies and numerous other countries have succeeded in developing theirs, it has naturally become much more difficult to maintain our economic primacy vis-a-vis the rest of the world."

There is the broken window theory of economics you should know here:

http://en.wikipedia.org/wiki/Parable_of_the_broken_window

FYSA-

This starts slow, but it ends with a BANG!!!!!

http://blip.tv/play/AeaDFAI

http://paul.kedrosky.com/archives/2010/07/the_world_blowe.html

4 Comments – Post Your Own

#1) On July 31, 2010 at 11:43 PM, WallstreetKnight (39.26) wrote:

So why would a bombing strategy not work?  He just broadly assumes "it will not work."

That's a horrible presupposition to build an assumptive if/then timeline upon.  Besides, I remember reading a news article which said the U.S. has already disposed of all tactical nuclear weapons (reiterate: tactical - the small ones used for the situations mentioned above). 

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#2) On July 31, 2010 at 11:57 PM, whereaminow (< 20) wrote:

Yes, and so is breaking windows (wink).

This is a great idea.  I mean, really, the fate of the entire world rests in the hands of a group of proven losers (the American government).  They're already losing two wars against countries that don't have an army, navy, or air force.  They have record setting suicide rates among servicemen.  (And no one cares.)  They can't manage a currency.  They can't manage an economy.  They can't secure the borders.  Their regulators are watching porn instead of investigating Madoff.  They have record setting unemployment, a wave of new taxes coming down the pipes, record setting deficits, and a trillion $$$ in reserves sitting in banks waiting to be unleashed...

and yet these same losers are contemplating another war.  Amazing.

And all the while they want you to be terrified that some people in the Tea Party might be racist.  Yeah, that's something to get all riled up about.  Thank goodness we have the SPLC watching over the Tea Party, or else who knows what might happen.

It's a sick bunch of clowns running America. It really is.

David in Qatar

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#3) On August 01, 2010 at 4:35 AM, APJ4RealHoldings (33.23) wrote:

damn David, ur prolly my favourite writer on the site

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#4) On August 01, 2010 at 2:39 PM, ChrisGraley (29.63) wrote:

Yes and it's even better if you have a world war and destroy alot of the world's manufacturing base. Of course it's not so good if you are on the losing end of that war and eventually you have to pay for that war that you most likely funded with credit.

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