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 <[EMAIL PROTECTED]>
To: Progressive Economics <[email protected]>
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.
Like other things the Gov is known to do, this is a money-losing
enterprise. Money was a motive going in, but more important
was control for politics' sake.
soula avramidis wrote:
>
> What this simple accounting techniques conceals that in the
> deepening financilaisation of imperialism, the grab for land and
> oil control lead mounting imperial rents. What more because in the
> near east oil and war coexisted as if in a permanent state, I
> heard a lecture the other day at SOAS in which the speaker says
> that there is rent accruing from the calibration of the degree of
> conflict and instability in the near east by which the US ruling
> class extorts the resources of the rest of the world.
>
>
> In value terms that are created by non monetized social activity
> the economic gains to capital are immense, hence colonialism in
> one form or another.
>
>
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