"Thomas Paine came to America from Great Britain in 1774 when he was 37 years old. He burned with righteous indignation at the cruel tyranny of kings. Half a million copies of "Common Sense," his plainspoken call for rebellion, flooded this fledgling nation of three million people. His rhetoric so moved and persuaded George Washington that he read Paine's words to the troops at Valley Forge. After America won its independence, Paine found himself in another fight, the French Revolution, and wrote another best-seller, "The Rights of Man." But he got into trouble in France and was thrown into prison, narrowly avoiding execution. He returned to America in 1802, a prophet without honor in the nation he helped to create." Watch this video .
believing that war is good for the economy is a good thing to believe because it's true...it does help the economy. doesn't mean it's a good way to help the economy though.
ReplyDeleteThe idea "war is good for the economy" has been repeated so often as to become an accepted truism.
ReplyDeleteIf war is good for the economy, why don't we conspire with one of our allies to build the largest navies in the world. Then we can send our ships into the middle of the pacific, and, because life is precious, we can evacuate all of the sailors. Then let us sink the ships.
This sort of nonsense would certainly be good business for ship builders, but for few others. It results in a net loss of capital.
If war were good for the economy, then so would be burning down your house, or blowing up your car. Destruction, by definition, destroys wealth.
A war economy certainly creates jobs, by funneling money away from what taxpayers would have spent their money on, and giving it to the merchants of death.