People who believe that war is good for economy are just ignorant and/or naive

Discussion in 'Economics' started by harrytrader, Nov 19, 2003.

  1. From "THE GRAND CHESSBOARD - American Primacy And It's Geostrategic Imperatives," Zbigniew Brzezinski [the war maker and the right hand of Rockfeller Trilateral commission ], Basic Books, 1997:

    "The economic self-denial (that is, defense spending) and the human sacrifice (casualties, even among professional soldiers) required in the effort are uncongenial to democratic instincts. Democracy is inimical to imperial mobilization." (p.35)

    Economic self-denial because it is pumping the money for military defense that could be used for civil investment and so really boosting economy, instead of that the defense spending is used to mask the truth that money is pumped and profits of enterprise fall !

    "The panicky effort of the Fed to stimulate economic growth does produce what it considers favorable economic reports, recently citing second quarter growth this year at 3.1%. But in the footnotes, we find that military spending—almost all of which is overseas- was up an astounding 46%. This, of course, represents deficit spending financed by the Federal Reserve’s printing press. In the same quarter, after-tax corporate profits fell 3.4%. This is hardly a reassuring report on the health of our economy and merely reflects the bankruptcy of current economic policy. "