Anonymous discotheque 7w

Defense Keynesianism and spillover

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Anonymous OP 7w

Believe it or not there is an opportunity cost to defense spending.

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Anonymous discotheque 7w

that’s kind of the whole problem… What exactly r u trying to say ? what do you think opportunity cost means ?

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Anonymous OP 7w

Basically the money allocated to defense spending could go to something else and aggregate demand remains relatively unchanged.

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Anonymous discotheque 7w

Aggregate demand would probably be better in the long run as well

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Anonymous discotheque 7w

yeah i’m not arguing that, i agree with u and that wasn’t the point of the post. I’m saying that this IS the way the economy is set up, and it’s created such an incestuous relationship with money printing, defense contracts, and foriegn debt, that i don’t know how we uncouple it without total gdp collapse. not arguing to keep it, just stating reality.

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Anonymous OP 7w

I agree it’s incestuous but that’s kind of the nature of defense contractors. But to sit here and claim that the US economy is reliant on war is frankly absurd.

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Anonymous discotheque 7w

you haven’t really given an argument for why it’s not, you just said what else we could be spending on, which i agree, but if we stopped even a half of our defense contracts/ spending it would be a 5-10% gdp drop minimum if not more.

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Anonymous OP 7w

As with literally any industry in the US. Not to mention war and defense spending are not the same thing. When I think of “entire economy dedicated to war” I am thinking of Russia as like barely (if even) reaching that bar.

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Anonymous discotheque 7w

you still haven’t actually given a reason as to why we aren’t tho; and OPs point could be expanded upon from war to imperialism imo, because we utilize our military and economy to exploit other nations whether we’re at war with them or not. not sure why you’re sitting here acting as if war isn’t a fundamental pillar of this nation

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Anonymous #2 7w

thank u imperialism is a better term than just war

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Anonymous #2 7w

Fine I concede the argument that the US economy is geared towards war but in a way where it is also more geared towards healthcare, tech, agriculture and finance. Paradoxically the economy geared towards war does not require a war to be happening nor is differs much economies (OP would likely say) are not geared towards war. If OP says those countries are geared for war then all countries are geared for war and OPs claim is essentially meaningless.

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Anonymous discotheque 7w

*nor differs much from economies

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