The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: More Shutdown Fallout||Date: 10/20/2013 11:25 AM|
|Author: CountNoCount||Number: 18689 of 20178|
Howie: If the Cold War had provided stimulus for growth, there would have been a reduction in poverty during the height of the "non-conflict" rather than during the end of the period. I really think the Cold War retarded growth - as it retarded free movement of goods and services. Artificially encouraged militarization in regions where funding for clean water, sewage treatment and development of infrastructure and such would have actually encouraged independence in those regions.
There was a reduction of poverty in the 50's and 60's. The frantic build-up of military prowess provided employment on a grand scale, With the end of the cold war, the stimulus (military buld-up) slowed. With the "Peace Dividend, the number of military-based companies shrunk, aong with the associated payroll.
That, along with the increased capabiity to export jobs to third world countries stunted job growth in the US. At first it was only the lowest level of employment that was hit, but by now we export all levels of jobs, from manufacturing to engineering, and more.
It's an overall good that countries in southeast Asia and Latin America are finally joining the technology era. Too bad we (0ur masters) can't keep up with them.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|