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Katashi_itto

(10,175 posts)
Tue Dec 23, 2014, 05:19 AM Dec 2014

Paul Krugman drops a truth bomb on America’s warmongering neocons: ‘Conquest is for losers!’



War is terrible, no doubt. But as Paul Krugman writes in his column today, war is also terrible for the economy, contrary to popular mythology. The columnist offers countless examples from recent history of wars of aggression and choice where plunder and winning wasn’t all it was cracked up to be. Vladimir Putin’s seizure of Crimea and Russia’s subsequent economic catastrophe is the most recent example. Closer to home, he cites, “our own neocons, whose acute case of Putin envy shows that they learned nothing from the Iraq debacle.”

The exceptions to the dictum that waging war makes you both poorer and weaker prove the rule, Krugman writes.

There are still thugs who wage war for fun and profit, but they invariably do so in places where exploitable raw materials are the only real source of wealth. The gangs tearing the Central African Republic apart are in pursuit of diamonds and poached ivory; the Islamic State may claim that it’s bringing the new caliphate, but so far it has mostly been grabbing oil fields.

The point is that what works for a fourth-world warlord is just self-destructive for a nation at America’s level — or even Russia’s. Look at what passes for a Putin success, the seizure of Crimea: Russia may have annexed the peninsula with almost no opposition, but what it got from its triumph was an imploding economy that is in no position to pay tribute, and in fact requires costly aid. Meanwhile, foreign investment in and lending to Russia proper more or less collapsed even before the oil price plunge turned the situation into a full-blown financial crisis.
http://www.rawstory.com/rs/2014/12/paul-krugman-drops-a-truth-bomb-on-americas-warmongering-neocons-conquest-is-for-losers/
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Paul Krugman drops a truth bomb on America’s warmongering neocons: ‘Conquest is for losers!’ (Original Post) Katashi_itto Dec 2014 OP
"Putin envy!" another_liberal Dec 2014 #1
Agree! Katashi_itto Dec 2014 #2
"Look at what passes for a Putin success, the seizure of Crimea: Russia may have annexed pampango Dec 2014 #3
Krugman is wrong in this case mindwalker_i Dec 2014 #4
 

another_liberal

(8,821 posts)
1. "Putin envy!"
Tue Dec 23, 2014, 08:20 AM
Dec 2014

Our neo-con war-mongers do certainly seem to have the hots for him. Go figure?

Paul Krugman is the best.

pampango

(24,692 posts)
3. "Look at what passes for a Putin success, the seizure of Crimea: Russia may have annexed
Tue Dec 23, 2014, 08:42 AM
Dec 2014

with almost no opposition, but what it got from its triumph was an imploding economy that is in no position to pay tribute, and in fact requires costly aid. Meanwhile, foreign investment in and lending to Russia proper more or less collapsed even before the oil price plunge turned the situation into a full-blown financial crisis.

Which brings us to two big questions. First, why did Mr. Putin do something so stupid? Second, why were so many influential people in the United States impressed by and envious of his
stupidity? The answer to the first question is obvious if you think about Mr. Putin’s background. Remember, he’s an ex-K.G.B. man — which is to say, he spent his formative years as a professional thug. Violence and threats of violence, supplemented with bribery and corruption, are what he knows.

The answer to the second question is a bit more complicated, but let’s not forget how we ended up invading Iraq. ... there is a still-powerful political faction (neocons) in America committed to the view that conquest pays, and that in general the way to be strong is to act tough and make other people afraid.

Neocon dreams took a beating when the occupation of Iraq turned into a bloody fiasco, but they didn’t learn from experience. (Who does, these days?) And so they viewed Russian adventurism with admiration and envy."


Neocons (the American or the Russian versions) do not view an imploding economy as a problem as long as their aggressive foreign policy is 'successful'. An imploding economy will hurt the 99% but the 1% will do quite well. Hence no reason for neocons to be concerned.

mindwalker_i

(4,407 posts)
4. Krugman is wrong in this case
Tue Dec 23, 2014, 11:34 AM
Dec 2014

Lots of money from taxpayers - a.k.a the 99% - was transferred to the top with the war. A good chunk of that money went back into the reelection campaign funds for the people starting the war.

That doesn't sound like a loss to me.


On edit: +w

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