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this post was submitted on 29 Jun 2024
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This is the new model for America’s war, perfected in Ukraine.
This hypothesis is stolen from Michael Hudson: You send military equipments to get blown up in Ukraine, killing Ukrainian soldiers, the government gives more money to defense contractors to replace the lost equipment. GDP goes up. In fact, for every American tank blown up in Ukraine, GDP goes up, the strength of US dollar goes up, which it then leverages to wreck the economies of the Global South. Rinse and repeat. It doesn’t even matter whether new equipments get built, or if they are functional, as long as GDP goes up, the strength of the dollar goes up.
Same here with the Phillipines. GDP for America is gonna go up for every Filipino killed, who will be dying for America’s war. No need to sacrifice American lives like they did in Iraq and Afghanistan anymore.
I was wrong and too naive to think that the Ukraine war would be confined to industrial warfare alone, which Russia is winning handily. But it looks like we are going to see a transition into financial warfare very soon, and when that happens, global flashpoints are going to erupt all across the world, and it would take a lot of collective sanity to ensure that nukes don’t start flying.