I wonder what do the German people think of this madness? When Nato (lightly) rearmed West Germany in 1954 it did so against the expressed will of German public opinion. A cornerstone of German and therefore European prosperity has been cheap energy from Russia fuelling manufacturing exports from Germany. Postwar Germany became clever at building cars rather than tanks. Germany is naw arming against Russia while punishing it by refusing to buy its oil. German manufacturing has had many years of faltering investment, for reasons not clear to me. But It is usually true alas, that the public will pay taxes to fund armaments more readily than they will pay taxes to build hospitals. Yet In pure economic terms military keyensianism, although it did pull US out of the Great Depression, would have been less useful than civic Keynesianism. Let me know if the link below works Yanis yaroufakis: gb |
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