Re:Is Productivity Growth Becoming Irrelevant?
by thethirdone on Sunday July 23, 2017 @08:18PM
(#14835100)
How is South Korea a good example? They have a sizeable military (huge for their population), and have a high gdp.
Re:Is Productivity Growth Becoming Irrelevant?
by MagnumOpus on Monday July 24, 2017 @04:37AM
(#14836789)
Yes, exactly. And if the did away with that military, the whole country would become a giant gulag within a few years.
Re:Is Productivity Growth Becoming Irrelevant?
by ryandrake on Sunday July 23, 2017 @08:50PM
(#14835219)
Only works if all militaries and military activity were disbanded simultaneously. War is one of those weird economic activities specifically designed to be negative-sum. No matter the outcome of a war, society on average ends up worse off.
Re:Is Productivity Growth Becoming Irrelevant?
by Consultant32452 on Monday July 24, 2017 @12:19AM
(#14835860)
I wonder if without war, or at least the fear of it, we'd have created the interstate highway system, or satellites, nuclear power, jet-liners, etc. No doubt we'd have probably invented something. It's not entirely clear we would've invented the same things. The threat of eminent death tends to allow governments to "rationalize" insane spending on R&D on projects that they'd otherwise not have the stomach to wait on.
Not sure I agree. If you define economic value to include future value generation, I would argue that getting rid of a countries military might turn their future value from $XXXB to $0B pretty quickly. South Korea is a good example.