Re: Re: [Pen-l] War costs and costs and costs by Joseph Stiglitz

["Max B. Sawicky" <sawicky@xxxxxxxxxxx>]

That's worth a lot, but I don't think invading Iraq was necessary to secure it, or if it was due to be lost, that invading would prevent the loss.


>I would have thought that dollar seignorage and issuing debt on a global scale provides more future rents than any of the costs now. they maintain a stature of empire.
>
>----- Original Message ----
>From: Max B. Sawicky <sawicky@xxxxxxxxxxx>
>To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
>Sent: Friday, March 14, 2008 12:21:31 PM
>Subject: Re: [Pen-l] War costs and costs and costs by Joseph Stiglitz
>
>I don't think the rents offset the cost.<BR>Like other things the Gov is known to do, this is a money-losing<BR>enterprise. Money was a motive going in, but more important<BR>was control for politics' sake.
>
>
>
>soula avramidis wrote:
>> 
>>Â Â Â What this simple accounting techniques conceals that in the
>>Â Â Â deepening financilaisation of imperialism, the grab for land and
>>Â Â Â oil control lead mounting imperial rents. What more because in the
>>Â Â Â near east oil and war coexisted as if in a permanent state, I
>>Â Â Â heard a lecture the other day at SOAS in which the speaker says
>>Â Â Â that there is rent accruing from the calibration of the degree of
>>Â Â Â conflict and instability in the near east by which the US ruling
>>Â Â Â class extorts the resources of the rest of the world.
>> 
>> 
>>Â Â Â In value terms that are created by non monetized social activity
>>Â Â Â the economic gains to capital are immense, hence colonialism in
>>Â Â Â one form or another.
>> 
>> 
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