Jack Albrecht
Jun 29, 2022

GDP was developed in the US and is particularly slanted towards war economies. That "home field advantage" makes a huge difference.

Example math not from actual statistics but to make a point.

If 10 US MIC related companies each make $500 bn, together that is $5 trillion, or one quarter of the US economy. Each company will have on average 100k workers, in sum 1 million. That is a tiny proportion of the US work force.

The real issue is that war products have zero domestic leverage. The Raytheon worker's pay is accelerated through the economy, but a Raytheon missile does not do anything to improve the efficiency of other US businesses.

I don't like Elon Musk, but an efficient US electric semi-truck would actually make US deliveries more efficient and thus help the US economy grow, not just for the truck manufacturer.

You get the picture.

Jack Albrecht
Jack Albrecht

Written by Jack Albrecht

US expatriate living in the EU; seeing the world from both sides of the Atlantic.

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