The Lack of Major Wars May Be Hurting Economic Growth [NY Times]

Discussion in 'Markets & Economies' started by SpacePete, Jun 15, 2014.

Page 1 of 5
  1. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    http://www.nytimes.com/2014/06/14/u...wars-may-be-hurting-economic-growth.html?_r=0
     
    SpacePete, Jun 15, 2014
    #1
  2. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    More from the same artice:

    The War and Gold book sounds interesting:

     
    SpacePete, Jun 15, 2014
    #2
  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    6,526
    Likes Received:
    1,571
    Trophy Points:
    113
    Location:
    Sydney
    Let's invade NZ, Fiji, and the rest of the islands!

    Think of the size of the Wallaby front row.
     
    sammysilver, Jun 15, 2014
    #3
  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    Just the thought of losing to those New Zealanders might be enough to pass the budget, restore funding to science and unite the people behind our glorious new leader... as the article states: "...the very possibility of war focuses the attention of governments on getting some basic decisions right whether investing in science or simply liberalizing the economy. Such focus ends up improving a nation's longer-run prospects."

    So stop blaming Labour and start blaming New Zealand. Problem solved!
     
    SpacePete, Jun 15, 2014
    #4
  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    The author of one of the books mentioned in the article has a talk on youtube on the topic:

    [youtube]http://www.youtube.com/watch?v=ebRpquKFSEw[/youtube]
     
    SpacePete, Jun 15, 2014
    #5
  6. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,824
    Likes Received:
    69
    Trophy Points:
    48
    Location:
    NSW
    Beating up New Zealand would be like beating up a re-tard. It would do nothing for Australia's global reputation and just make us look like tryhards.
     
    Caput Lupinum, Jun 15, 2014
    #6
  7. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,634
    Likes Received:
    3,113
    Trophy Points:
    113
    Location:
    Australia
    More than joining the Coalition of the Willing you mean?
    :lol:
     
    JulieW, Jun 15, 2014
    #7
  8. solved

    solved New Member

    Joined:
    May 14, 2013
    Messages:
    26
    Likes Received:
    0
    Trophy Points:
    1
    Location:
    Australia
    That's why we would firstly send out false media reports of their government committing tyrannic acts upon their people. Upon which there would be a war to save the people and put Aussie friendly leaders in charge to ensure that the profits of Aussie corporations are secured and increased. :eek:
     
    solved, Jun 15, 2014
    #8
  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    6,526
    Likes Received:
    1,571
    Trophy Points:
    113
    Location:
    Sydney
    Ha ha, I have dual ANZ citizenship, I'll have to give myself an uppercut!
     
    sammysilver, Jun 15, 2014
    #9
  10. Old Codger

    Old Codger Active Member Silver Stacker

    Joined:
    May 13, 2011
    Messages:
    4,933
    Likes Received:
    3
    Trophy Points:
    38
    Trouble is, if we go to war against NZ we may end up being called 'West Island'.

    Fierce buggers them Kiwis!


    OC
     
    Old Codger, Jun 15, 2014
    #10
  11. Old Codger

    Old Codger Active Member Silver Stacker

    Joined:
    May 13, 2011
    Messages:
    4,933
    Likes Received:
    3
    Trophy Points:
    38
    Anyway, I thought DEBT was the problem, not war or lack of it?

    stupid pollies spend too much effing money!

    JMO

    OC
     
    Old Codger, Jun 15, 2014
    #11
  12. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    Spot on OC. In one of the quoted paragraphs above, there is a similar concern by the guy authored Gold and Money: "...the need to finance wars led governments to help develop monetary and financial institutions, enabling the rise of the West. He does worry, however, that today many governments are abusing these institutions and using them to take on too much debt."
     
    SpacePete, Jun 15, 2014
    #12
  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    20,669
    Likes Received:
    3,649
    Trophy Points:
    113
    Location:
    昆士蘭
    [youtube]http://www.youtube.com/watch?v=773aoMo7hPE[/youtube]
     
    mmm....shiney!, Jun 15, 2014
    #13
  14. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,634
    Likes Received:
    3,113
    Trophy Points:
    113
    Location:
    Australia
    Getting back to the original post.

    1. Approximately half of humans time on earth has been at war with each other.

    2. War kills economies as well as people. Economic growth comes from supplying the tools of war and the supplies and rebuilding materials to the poor people who've just been warring.

    3. NY Times 'toilet paper of record' - why is it putting false propaganda like this out for its readership?
     
    JulieW, Jun 15, 2014
    #14
  15. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    Did you read some of the closing paragraphs?

     
    SpacePete, Jun 15, 2014
    #15
  16. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,634
    Likes Received:
    3,113
    Trophy Points:
    113
    Location:
    Australia
    I think suggesting that the slowed down economies of the world are preferable to a greater war machined growth, is a sly way of suggesting to the moronic other half, that a good war or two will bring back economic prosperity to a depression world.
     
    JulieW, Jun 15, 2014
    #16
  17. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    9,737
    Likes Received:
    2,447
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    it is the lack of blood sacrifice and blood on the streets, is the way to say lack of majors wars to boost the war machine.
     
    alor, Jun 15, 2014
    #17
  18. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    9,306
    Likes Received:
    80
    Trophy Points:
    48
    Location:
    Gone Fishin'
    Its the old "broken windows" fallacy. If 1 broken window caused by a kid throwing a stone can create economic activity, then logically 2 broken windows would be twice as good. And by extension, lets break all the shop windows... then burn down the shop itself... then demolish the whole city...

    That's what war does... redirect valuable capital away from building something new to rebuilding things we already have.
     
    Clawhammer, Jun 15, 2014
    #18
  19. AngloSaxon

    AngloSaxon Active Member

    Joined:
    Oct 26, 2012
    Messages:
    1,862
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Sydney
    I'd like to point out war is a human condition. It has always been with us and will always be with us. From the first disagreement before fire was invented to the exploration of the galaxy. War will be with us.
     
    AngloSaxon, Jun 15, 2014
    #19
  20. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,634
    Likes Received:
    3,113
    Trophy Points:
    113
    Location:
    Australia
    That 1000 years of peace is a bit elusive then!

    Unfortunately you're probably right.
     
    JulieW, Jun 15, 2014
    #20
Page 1 of 5

Share This Page