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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUSA: The country that did not win any war ...
... but does it really matter?... the US economy is now so inextricably linked to the war - from the weapons companies and the research and development sector, to construction companies that undertake the reconstruction of devastated areas - so that the continuous state of war is prerequisite for its survival. War is no longer an end in itself, and victory or defeat, at least as defined in previous centuries, are of secondary importance.
http://failedevolution.blogspot.gr/2015/11/usa-country-that-did-not-win-any-war.html
cantbeserious
(13,039 posts)eom
pinboy3niner
(53,339 posts)Response to no more banksters (Original post)
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hobbit709
(41,694 posts)Look up how Switzerland has defenses built up.
sarge43
(28,941 posts)Javaman
(62,530 posts)The Role of Swiss Financial Institutions in the Plunder of European Jewry
http://www.pbs.org/wgbh/pages/frontline/shows/nazis/readings/sinister.html
Switzerland's reputation as a neutral safe-haven during World War 11 has been badly tarnished by recent revelations about its wartime transactions with Germany. What began as an examination of the dormant bank accounts of Holocaust victims has gained momentum to include the whole gamut of Swiss financial dealings with the Nazis. In recent months a vast amount of incriminating documentation has been unearthed that reveals the sinister side of Swiss "neutrality".
Switzerland served as a repository for Jewish capital smuggled out of Nazi Germany and the states threatened by it, and also for vast quantities of gold and other valuables plundered from Jews and others all over Europe. Right up until the end of the war, Switzerland laundered hundreds of millions of dollars in stolen assets, including gold taken from the central banks of German-occupied Europe. At the war's end Switzerland successfully resisted Allied calls to restitute these funds, and in the Washington Agreement of 1946 the Allies contented themselves with acceptance of a mere 12% of the stolen gold. Holocaust survivors and the heirs of those who perished met an implacable wall of bureaucracy and only a handful managed to reclaim their assets. As it turns out, some of the dormant accounts were taken by the Swiss authorities to satisfy claims of Swiss nationals whose property was seized by Communist regimes in East Central Europe.
Among the most recent revelations is the fact that both the United States and the United Kingdom still retain looted gold recovered in Germany. Jewish groups and others have suggested that the gold be transferred for the benefit of Holocaust survivors.
In the last year international pressure has steadily mounted on the Swiss to allow for the conduct of a transparent audit and investigation. US Senator Alfonse D'Amato has spearheaded these efforts to force the Swiss to restitute property and has called for the Washington Agreement to be re-negotiated. In May 1996 the Swiss Bankers' Association signed an agreement with the World Jewish Congress (WJC) and the World Jewish Restitution Organization (WJRO) to establish the "Independent Committee of Eminent Persons" to carry out a thorough and transparent audit which will identify and recover dormant accounts. Switzerland and the United States have also established special committees to investigate the fate of plundered Jewish and other property which was secreted in Switzerland.
tblue37
(65,408 posts)Octafish
(55,745 posts)The Lack of Major Wars May Be Hurting Economic Growth
Tyler Cowen
The New York Times, JUNE 13, 2014
The continuing slowness of economic growth in high-income economies has prompted soul-searching among economists. They have looked to weak demand, rising inequality, Chinese competition, over-regulation, inadequate infrastructure and an exhaustion of new technological ideas as possible culprits.
An additional explanation of slow growth is now receiving attention, however. It is the persistence and expectation of peace.
The world just hasnt had that much warfare lately, at least not by historical standards. Some of the recent headlines about Iraq or South Sudan make our world sound like a very bloody place, but todays casualties pale in light of the tens of millions of people killed in the two world wars in the first half of the 20th century. Even the Vietnam War had many more deaths than any recent war involving an affluent country.
Counterintuitive though it may sound, the greater peacefulness of the world may make the attainment of higher rates of economic growth less urgent and thus less likely. This view does not claim that fighting wars improves economies, as of course the actual conflict brings death and destruction. The claim is also distinct from the Keynesian argument that preparing for war lifts government spending and puts people to work. Rather, the very possibility of war focuses the attention of governments on getting some basic decisions right whether investing in science or simply liberalizing the economy. Such focus ends up improving a nations longer-run prospects.
It may seem repugnant to find a positive side to war in this regard, but a look at American history suggests we cannot dismiss the idea so easily. Fundamental innovations such as nuclear power, the computer and the modern aircraft were all pushed along by an American government eager to defeat the Axis powers or, later, to win the Cold War. The Internet was initially designed to help this country withstand a nuclear exchange, and Silicon Valley had its origins with military contracting, not todays entrepreneurial social media start-ups. The Soviet launch of the Sputnik satellite spurred American interest in science and technology, to the benefit of later economic growth.
War brings an urgency that governments otherwise fail to summon. For instance, the Manhattan Project took six years to produce a working atomic bomb, starting from virtually nothing, and at its peak consumed 0.4 percent of American economic output. It is hard to imagine a comparably speedy and decisive achievement these days.
SNIP...
Living in a largely peaceful world with 2 percent G.D.P. growth has some big advantages that you dont get with 4 percent growth and many more war deaths. Economic stasis may not feel very impressive, but its something our ancestors never quite managed to pull off. The real questions are whether we can do any better, and whether the recent prevalence of peace is a mere temporary bubble just waiting to be burst.
Tyler Cowen is a professor of economics at George Mason University.
SOURCE: http://www.nytimes.com/2014/06/14/upshot/the-lack-of-major-wars-may-be-hurting-economic-growth.html?_r=0