Michael DeLaGarza 11:47 pm on February 11, 2016

First, Second, and Third World Countries

After reading through the first reading assignment I couldn’t help but get stuck on the idea that war is extremely beneficial for the winners.

jim luke 1:09 am on February 12, 2016

Well Its’ certainly better to be the winner than the loser. However, I’ve often thought about the idea that “war is good for a capitalist economy”. I haven’t done a rigorous historical study, but it appears to me that in the last 200 years (roughly the capitalism era) that war is only a net plus if 4 conditions apply: 1. war is fought physically in somebody else’s country, 2. you win, 3. it’s over in 2 yrs, 3 yrs max, and 4. there’s a depressed economy (slack demand & high unemployment) when the war starts. Anything else is a net loss and definite opportunity cost to the country – and even worse for the loser.

Econproph[Comp. Systems 2016]