The Economy hearts the War on Terra

...if you think the pirates on Wall Street are the Economy. I know they certainly do.

Chalmers Johnson has a new post and he pretty much says it like is.

...There are three broad aspects to the U.S. debt crisis. First, in the current fiscal year (2008) we are spending insane amounts of money on "defense" projects that bear no relation to the national security of the U.S. We are also keeping the income tax burdens on the richest segment of the population at strikingly low levels.

Second, we continue to believe that we can compensate for the accelerating erosion of our base and our loss of jobs to foreign countries through massive military expenditures -- "military Keynesianism" (which I discuss in detail in my book Nemesis: The Last Days of the American Republic). By that, I mean the mistaken belief that public policies focused on frequent wars, huge expenditures on weapons and munitions, and large standing armies can indefinitely sustain a wealthy capitalist economy. The opposite is actually true.

Third, in our devotion to militarism (despite our limited resources), we are failing to invest in our social infrastructure and other requirements for the long-term health of the U.S. These are what economists call opportunity costs, things not done because we spent our money on something else. Our public education system has deteriorated alarmingly. We have failed to provide health care to all our citizens and neglected our responsibilities as the world's number one polluter. Most important, we have lost our competitiveness as a manufacturer for civilian needs, an infinitely more efficient use of scarce resources than arms manufacturing...

It's a longish post, the way most of Dr. Johnson's are, but he pretty much breaks down it all.

His main myopia is that he comes right up to the edge of night without admitting the damage is intentional. It's the big unthinkable conclusion. All of the subterfuge, all of the lies, and all of the coming crash are designed to break the bank of the American dream machine. The wolf isn't just at the door, he's hired the experts who're telling you the best way to stay secure is to open all the doors and give that big dog the run of the house.