You're right. Bush's economy is based on war..
"War economies" are created when industries are converted, by the government, to produce guns instead of butter. Most of the time, this economic surge is the result of a complete mobilization of industry.The economy always thrives when a war is on, this I agree with.
"War economies" are created when industries are converted, by the government, to produce guns instead of butter. Most of the time, this economic surge is the result of a complete mobilization of industry.
In case you have failed to notice, this is not happening with this war. Those corporations which produced war material prior to GWOT, are still the corporations which are largely (>90%) producing the current war materials. Other corporations are largely unaffected by the current combat environment.
but the G component of the GDP is certainly larger, by a significant margin, than it would otherwise be."War economies" are created when industries are converted, by the government, to produce guns instead of butter. Most of the time, this economic surge is the result of a complete mobilization of industry.
In case you have failed to notice, this is not happening with this war. Those corporations which produced war material prior to GWOT, are still the corporations which are largely (>90%) producing the current war materials. Other corporations are largely unaffected by the current combat environment.