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re: Would we be as technologically advanced without the Cold War?

Posted on 2/8/18 at 10:18 am to
Posted by Jim Rockford
Member since May 2011
98381 posts
Posted on 2/8/18 at 10:18 am to
Well...a tank is not manufacturing other tanks, or creating consumer goods and services.
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8020 posts
Posted on 2/8/18 at 10:23 am to
quote:

Well...a tank is not manufacturing other tanks


Neither is a shoe or a cabinet, but all have economic benefits.

quote:

or creating consumer goods and services


Does the American public not "consume" the tank? Or the individual tank driver?

The very existence of private military contractors undercuts your thinking here.

You'll have to define what exactly you mean by "dead end investment" because I've never heard economists that I've been around use that term.
This post was edited on 2/8/18 at 10:26 am
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