Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Using the military spending to "help the domestic service based economy by providing relatively high wage jobs and injecting purchasing power into the base of the economy" is all good from a very narrow perspective.

broadening the horizon a bit, that same money could be used to fund all manner of civilization-enhancing technologies and projects, including even the arts.  with far more payback.

humanity ain't gonna advance while it keeps funding old-school death. 'specially not as the oceans die off, and the nutrient-depleted topsoil washes away.

if i had 1/100th of amurka's military budget to spend for ten years, we'd have floating windmills producing hydrogen being deployed around the world in year 11.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Fri Oct 15th, 2010 at 04:06:41 PM EST
[ Parent ]
I am certainly not advocating 'Military Keynesianism', only noting what its effects are on the economy. It would be much better to have the same money put into just about any long term social capital good.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 15th, 2010 at 05:44:50 PM EST
[ Parent ]

Display:

Top Diaries

The 2nd Migrant Wave to Germany

by DoDo - Sep 1
54 comments

The UK Left and Brexit

by car05 - Aug 27
10 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
26 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

1930s in social media

by DoDo - Aug 11
91 comments

Recent Diaries

Occasional Series