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Author: Publisher: Potomac Books, Inc. ISBN: 1597975338 Category : Business & Economics Languages : en Pages : 288
Book Description
This edited volume reveals how a permanent war economy has made the United States unable to spread democracy abroad and has worsened domestic problems. The editors draw from classical readings in political theory, from primary documents (including key court decisions), and from social science research to analyze such issues as the effect of militarization and combativeness on the everyday lives of Americans. The editors also address the dire connection among banking losses, the housing recession, the welfare/national security state, and the challenge of rebuilding AmericaÆs infrastructure.
Author: Jane Meadows Publisher: ISBN: Category : United States Languages : en Pages : 92
Book Description
The Permanent War Economy, originating in the 1940s, has produced decades of excessive defense spending, contributing to waste that detracts funds from social expenditures to meet domestic needs. Previous research on this topic has focused greatly on the origins and causes of this economy with little emphasis on modern solutions to solve this problem and little focus on policy alternatives that can be funded with decreases in defense spending. In this thesis, I use data from the Organization for Economic Cooperation and Development (OECD), the White House Office of Management and Budget, and Federal Reserve Economic Data (FRED) to compose a timeline of how defense spending has changed from 1962 to 2020, how U.S. defense spending compares to the rest of the world, and how much the United States could have saved from 1999 to 2019 had it spent the global average percentage of GDP on defense, which I then use to illustrate a number of alternative domestic programs that could be funded with the consequent savings. My findings indicate support for the theory of the Permanent War Economy and show that it is possible for the United States to decrease defense spending and reallocate those funds to domestic programs while maintaining a position of global military strength. - Abstract.
Author: Thomas K. Duncan Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper explains the origins of the permanent war economy in the United States. We emphasize the combined efforts of three key interest groups (military, labor unions, and industry) that arose in the context of the dual crises of the Great Depression and World War II. During the depression and the war that followed, there arose a partnership between industry, the military, and politicians. These crises, combined with the State's monopoly over the military, created the opportunity for these interests to influence the trajectory of economic activity in a self-serving, and lasting, manner.
Author: Thomas K. Duncan Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The U.S. economy has been in a state of “permanent war” since at least World War II. The war economy arises from institutional changes that become embedded within the system with each of the 20th and 21st century conflicts. This chapter illustrates the continuing relevance of Robert Higgs in assessing how these institutional changes emerge and the true costs of the permanent war economy.
Author: Christopher J. Coyne Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
How does the permanent war economy interact, and subsume, the private, non-military economy? Can the two remain at a distance while sharing resource pools? This paper argues that they cannot. Once the U.S. embarked upon the path of permanent war, starting with World War II, the result was a permanent war economy. The permanent war economy continuously draws resources into the military sector at the expense of the private economy, even in times of peace. We explore the overlooked costs of this process. The permanent war economy does not just transfer resources from the private economy, but also distorts and undermines the market process which is ultimately responsible for improvements in standards of living.
Author: Joshua O. Reno Publisher: Univ of California Press ISBN: 0520974123 Category : Social Science Languages : en Pages : 283
Book Description
World War III has yet to happen, and yet material evidence of this conflict is strewn everywhere: resting at the bottom of the ocean, rusting in deserts, and floating in near-Earth orbit. In Military Waste, Joshua O. Reno offers a unique analysis of the costs of American war preparation through an examination of the lives and stories of American civilians confronted with what is left over and cast aside when a society is permanently ready for war. Using ethnographic and archival research, Reno demonstrates how obsolete military junk in its various incarnations affects people and places far from the battlegrounds that are ordinarily associated with warfare. Using a broad swath of examples—from excess planes, ships, and space debris that fall into civilian hands, to the dispossessed and polluted island territories once occupied by military bases, to the militarized masculinities of mass shooters—Military Waste reveals the unexpected and open-ended relationships that non-combatants on the home front form with a nation permanently ready for war.