Deadstick
Platinum Member
I refer you to Smedley Butler War is a racket, this isn't complicated but many people still don't get it.So how did 20 years of war in the Middle East effect the US economy?
"The Iraq and Afghanistan wars have contributed to significant economic setbacks in the United States, through lost opportunities for investment in public infrastructure and services and higher borrowing rates. Contrary to the widespread belief that war is a particularly effective way to create jobs, U.S. federal spending on the current wars would have led to at least 1.4 million more jobs had the money been invested instead in education, health care or green energy.
Similarly, the hundreds of billions of dollars invested in military assets such as ships and aircraft during the first decade of the wars would have led to larger capital improvements had these dollars instead been invested in core public economic infrastructure, such as roads and water systems.
The wars have also impacted interest rates charged to borrowers by banks and other creditors. This is the result of war spending financed entirely by debt, which has contributed to a higher ratio of national debt to Gross Domestic Product (GDP) and subsequent rising long-term interest rates.
Each of these issues can be counted as a significant cost of the post-9/11 wars.
US Economy | Costs of War
- War spending created fewer jobs than similar spending investment in clean energy, public education and health care.
- Federal investment in military assets during the wars made for a lost opportunity to significantly boost capital improvements in core infrastructure such as roads and public transit.
- War spending financed entirely by debt has contributed to higher interest rates charged to borrowers such as new homeowners."
How about the Ukraine War?
Five impacts of Russia's war with Ukraine on the United States include [10].
1.1 Increasing energy and oil prices
1.2 Supply chain problems for farmers and rising food prices
1.3 Travel restrictions and increasing cost of plane tickets
1.4 Stock market fluctuations
1.5 Sharp interest rate hikes by Federal Reserve
The Negative Impact of the Ukraine War on the US Economy
“I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.”
― Smedley D. Butler, War Is a Racket
