• Mulligrubs@lemmy.world
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    3 days ago

    War is very expensive, the very best way to burn through billions.

    US economy DEPENDS on war. We are the world’s largest arms dealer by far, more than China, Russia, Germany, and a few other top nations COMBINED.

    US went into a wartime economy with World War I and never stopped.

    • electric_nan@lemmy.ml
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      3 days ago

      It sucks for our economy. It’s great for funneling tax dollars directly into the pockets of energy companies and other war profiteers.

      • Mulligrubs@lemmy.world
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        2 days ago

        It’s great for JP Morgan’s economy, though!

        How fantastic would it be to run a bank, secure in the knowledge that if your investments bottom out, the US taxpayer will bail you out with low-interest loans, which you will later pay back with money that’s worth 20% less.

        Then, you buy a military contractor or three with the profits.

        viola! The US economy loop fundamentals

    • All Ice In Chains@lemmy.ml
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      3 days ago

      US went into a wartime economy with World War I and never stopped.

      For the US establishment, the problem is that the wartime arsenal essentially stopped being updated in the Cold War.

      For the rest of the world, this is a relief.