Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
techhub.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
A hub primarily for passionate technologists, but everyone is welcome

Administered by:

Server stats:

5.4K
active users

techhub.social: AboutStatusProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.3.6

Estelle Platini

Rearmament is an opportunity for capital to obtain reductions in welfare and public services, at the cost of lower profitability.

Chatham House: “Politicians will have to brace themselves to reclaim money through cuts to sickness benefits, pensions and healthcare.”

Britain’s finance minister Rachel Reeves, who has been steadily cutting spending on child credits, winter payments for the aged and disability benefits, announced that the remit of the Labour government’s new National Wealth Fund would be changed to let it invest in defence.

More military spending spurs growth but can damage the ‘health’ of the capitalist accumulation process: thenextrecession.wordpress.com

A graph of investment as part of GDP US economic recovery from the Great Depression did not start until the world war was underway. Investment took off only from 1941 (Pearl Harbor) onwards to reach, as a share of GDP, more than double the level that investment stood at in 1940. Why was that? Well, it was not the result of a pick-up in private sector investment. What happened was a massive rise in government investment and spending. In 1940, private sector investment was still below the level of 1929 and actually fell further during the war. The state sector took over nearly all investment, as resources (value) were diverted to the production of arms and other security measures in a full war economy.
#growth#policy#greyTransition
Mar 24, 2025, 07:43 PM·Public
13boosts·3favorites
ExploreLive feeds
About