Wars Have Become Too Cheap to Boost Growth

Arbeitspapier

FROM THE NOTE: This week, with the Federal Reserve Banks of New York and Atlanta anticipating sharply lower GDP growth for 2019:Q1, President Trump presented a ‘Budget for A Better America’, calling for a smaller government and a bigger military. Forty years ago, the very same call was hailed as the best recipe for renewed growth. The U.S. ruling class was getting ready to install Ronald Reagan as President, abandon the Cold War and embark on neoliberalism, and it argued that, for that shift to succeed, the country needed a leaner government in order to unleash its entrepreneurial spirit and crowd-in private investment, and that it required a strong military in order to boost its global muscle and open world markets for its products and capital. Ideology aside, one key reason for the growth optimism of the time was rising military spending…

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Research Note

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Other Machinery; Business Equipment; Armaments ; Fiscal Policy ; Capitalist Systems: Political Economy ; Conflict; Conflict Resolution; Alliances; Revolutions
• Thema: economic growth ; military spending

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Nitzan, Jonathan ; Bichler, Shimshon
• Ereignis: Veröffentlichung
• (wer): The Bichler and Nitzan Archives
• (wo): Toronto
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/193695
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ