Oh sweet child
Comment on [deleted]
deHaga@feddit.uk 2 months ago
Not really. War is bad for economies, reduces demand.
Aequitas@feddit.org 2 months ago
deHaga@feddit.uk 2 months ago
How’s Russia and Ukraine’s economies going?
Aequitas@feddit.org 2 months ago
For some oligarchs in Russia? Great. Yes, it’s unfortunate for ordinary Russians. But those on top are certainly very pleased with the situation. And for American and European capitalists, the reconstruction of Ukraine will bring great business opportunities as well. Big Capital is happy.
Twig@sopuli.xyz 2 months ago
Israel is doing pretty well from war.
athatet@lemmy.zip 2 months ago
Israel isn’t in a war. They are just doing a genocide.
karashta@piefed.social 2 months ago
War creates untold profits for the people making weapons.
BeatTakeshi@lemmy.world 2 months ago
Economies of the peoples maybe
deHaga@feddit.uk 2 months ago
No, the economy. The country. Everyone but a few arms dealers.
The opportunity cost is massive.
suff@piefed.social 2 months ago
Weapons are produced by capitalists. War increases demand for weapons.
Destruction renews demand. War is destruction.
Capitalism has the tendency towards mono-/oligopolies rather than equity. Therefore, over time, decision power becomes centralized and it’s less likely that decisions wil be made for the overall economy rather than oligopolists.
As all this is known since 3 centuries, existing national capitalisms took several measures against these tendencies. However, international capitalists are harder to manage. Also, most assets are collective attributions. E.g. if the stakeholders think, X, SpaceX, PayPal and Tesla, etc. aren’t worth a penny, Musk will rank down instantly.
deHaga@feddit.uk 2 months ago
I know. But war is net bad. It may be good for a few arms makers, but overall it’s net bad for capitalist economies.
suff@piefed.social 2 months ago
That’s why ‘last’ is in the OP. ;)
suff@piefed.social 2 months ago
Capitalists want others to loose money so their comparative wealth keeps growing. So if many lose in a war, few would profit, and start a war.