Re: Deindustrialization? (was Re: Yet another take on Hubbert's peak)

[Brad DeLong <delong@xxxxxxxxxxxxxxxxx>]

> And
> there is much capitalist industry that can, without great disagreement among
> socialists, be decommissioned. That pertaining to the military sector would
> be a good place to start.
>  Michael K.


Military spending is 2% of OECD GDP, of which only 1/4 is the
procurement of products that are peculiarly military. We don't live
in the late 1950s, when military spending was 10% of GDP and even
Eisenhower was scared of the military-industrial complex.

Try to keep your arguments from being more than one generation out of date, OK?



Brad DeLong