If you don't have much time, it's only 1:50 minutes long.
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, June 21, 2017
Jack Ma: The US Wasted $14 Trillion on Wars
If you don't have much time, it's only 1:50 minutes long.
Friggin Commie, what does he know?
ReplyDelete14 $trillion was wasted, but it got spent on the industrial-military complex. Someone made a packet out of it. Much of it probably went to the Cayman islands.
ReplyDeleteKaivey, spot on. There is no such thing as money "wasted". A not entirely precise way of thinking way of thinking about is that of a principle of conservation of money at work. Where do you want the money/resources to flow? To mass murdering psychopaths (MIC), who'll bring terror to the streets of their own countries, and banksters, who rig global markets, launder drug money and crash the system periodically, or would you rather see the money/resources flow to health, education, infrastructure, the civil technology of the future etc? The answer so far has been murder and plunder, or spread "freedom" if you're the kind of gibbering simpleton who wears a flag pin.
ReplyDeletethis sort of thing serves to keep liberals hooked on the taxation before spending narrative.
ReplyDeleteno shit, war is bad, but military spending hasn't been the reason why the economy went down the drain. a lot of liberals still think the 2007 crash had something to do with bush's "wreckless" military spending, while having no clue as to the negative impacts of clinton's surplus, even worse holding fond memories of it.
in their imagination the budget magically balances if it weren't for "wasteful" military spending. they have no incentive to look beyond that.