Live data from Hacker News

Economic costs of war

watson.brown.edu

231–240 of 618 posts

Re: Economic costs of war

#231

Perhaps they should've spent this much on medical research instead. For the same money perhaps we could save a few million people dying of various diseases or cancer. It would take a whole lot of terrorist events to counter the benefits of significant R&D funding for medicine (or maybe a lot of other things).

But, have you seen how nice the houses are in Northern Virginia? /s

Re: Economic costs of war

#232
post #145
post #119

Earlier quoted context omitted.

I guess this kind of retort would help you in a pub quiz.

There's no shortage of metal, that's the point. Open your mind.

There is an effective shortage of resources since the capacity to mine for them is not infinite, and production cannot meet demands.

Re: Economic costs of war

#233

Earlier quoted context omitted.

It isn't that we can't afford to mitigate climate change. We cannot mitigate climate change, period. In other words, you could throw all the money on the planet at it and it would not make a dent. No purported solution passes the math and physics tests. It's easy to make a mess. This can be done with very little energy, resources and time. On the other hand, cleaning-up the mess takes far more energy, time and resour…

That may or may not be true right now. Was it true 10 years ago? 20? 30? There exists a point at which it was not true, and we're talking about taking that investment over a 20+ year historical period, not as a lump sum right now. Lots of fossil fuel aligned people have pivoted from "everything is fine" to "there's nothing we can do now", and echoing the latter might be factually correct, but in the context it smacks…

There might be an escape velocity to this: as technology evolves it is easier to clean pollution, and perhaps the innovation moves faster than the added pollution. So maybe the best time to start cleaning is 30 years into the future?

Re: Economic costs of war

#234
post #118

To those here riffing on the theme of “this misrepresents the volume and beneficiaries of the transactions involved” - you’re not wrong. Accurate representation of public info like this is a top organisational problem for our species at the moment. But I do think you miss the point, so aptly put by Mr Eisenhower: “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a thef…

I’d be happy with funding schools even if we don’t see the benefit for 20 years it’s work it- IMO

Re: Economic costs of war

#235

“Medicare for all”, the single payer universal healthcare system in the US, was projected to cost between $16-34T [1] over a decade. I know there are some big questions around the actual cost of US aggression / state terrorism since 9/11 (ie 6.4T vs 2T as per other entries in this thread). A rough 80/20 analysis suggests: * We could have funded free healthcare to roughly one quarter of the US population for 10 years…

It's never been a matter of money. We've seen the government can pass multi trillion dollar bills on demand and increase the budget at will. That's what is lacking, the political power/will to pass such legislation. It's unfortunate but it has nothing to do with this war or its cost.

Re: Economic costs of war

#236
post #118

To those here riffing on the theme of “this misrepresents the volume and beneficiaries of the transactions involved” - you’re not wrong. Accurate representation of public info like this is a top organisational problem for our species at the moment. But I do think you miss the point, so aptly put by Mr Eisenhower: “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a thef…

There is no doubt that a lot has been misspent, trillions almost certainly but let's not be naive and say that it could have magically been spent on "better more sensible things" by the same people who misspent it in the first place (congress) and second let's all appreciate that perhaps 1 or 2 trillion a year, perhaps more, is the cost of western civilization not being immediately stomped out by very bad people like…

absolutely maddening. The US has a network of military bases and armies spread across the world, interjects itself into the affairs of countries worldwide, is by far the greatest warmonger since WW2, are literally on the heels of a colossal failure in Afghanistan that has set the region back decades, yet it's _China_ who are the violent Nazis.

Re: Economic costs of war

#237

Earlier quoted context omitted.

It's really not. If you buy a house with a mortgage, and later sell the house before the note is due, you will not owe the full amount of the accrued interest. Unfortunately the resale value of a secondhand war is very low.

the resale value of a secondhand war is very low. "20 Year old slow-burn war available for reasonable price. Population w/ low morale, lots of growth potential! Motivated buyers only please."

Maybe we should see if the first owner wants to buy it back?

Re: Economic costs of war

#239

Deaths 9/11 2,996 Deaths Covid-19 USA 621,000 207x Lack of understanding of large numbers is a flaw in the human mind we have to figure out how to fix.

I chalk it up to politics (politicians) -- the reality is the Republicans would never live 9/11 down if they didn't go to war.

Re: Economic costs of war

#240
post #172

Earlier quoted context omitted.

I feel this is not as simple as this. It's a nice appeal but very removed from reality. If you didn't have strong enough army to protect you, then you might loose, schools hospitals and what not... Unfortunatly, in a real world a war is not a maybe question but a when question. The question is what amount of defense expenditure is adequate? And that a political question, with no right or wrong answers that for the vo…

You might want to look at this: https://en.m.wikipedia.org/wiki/List_of_countries_by_militar...

One could claim, as USA economy is disproportionately large, we have more things to protect and so less room for error. How about comparison by GDP spending?
Post reply on HN