Here's an interesting take on capitalism as a support for huge military budgets: Marx observed that real, competitive capitalism tends to drive profits downward. We can't have that! So, unproductive military spending is one answer. I'd call it a stupid answer, but it would have to rise several levels before it reached stupid.... but that's what we have.
Meanwhile, military contractors have spread their operations out so many states' employment depends on them. A job guarantee could address this political maneuver, but until there's something to deal with out-of-work defense plant employees (and fossil fuel workers) we're going to be stuck with big military budgets (and many coal mines).
Subscribe to:
Post Comments (Atom)
-
Here's a detailed explanation by a Modern Monetary Theory founder, Stephanie Kelton. The bottom line: Social Security's enabling l...
-
Posted on March 26, 2019 by L. Randall Wray The attacks on MMT continue full steam ahead. Janet Yellen (former Fed chair, but clueless on...
-
© by Mark Dempsey In the year 2000 the World Health Organization (WHO) ranked countries’ health care system outcomes according to thin...
No comments:
Post a Comment
One of the objects if this blog is to elevate civil discourse. Please do your part by presenting arguments rather than attacks or unfounded accusations.