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Politics : Stockman Scott's Political Debate Porch
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To: lurqer who wrote (25752)8/19/2003 11:56:00 AM
From: Rarebird  Read Replies (1) of 89467
 
<An analysis that supports the thesis that we're headed for third world status unless there's a change in direction.>

Capital goods industries live and die by their successes or failures in developing brand new tools and processes. Their research and development costs are enormous. When such research does fail, the write-offs are huge. But if there is an ever larger flow of funds from government for MILITARY research and the tools, plant, and equipment which makes military gear, then the research of the capital goods industries research goes in that direction, abandoning research and development for the civil economy. Then, when the capital goods industries go full tilt towards making the plant and tools that build military equipment and gear, the civil economy industries are left stranded without the future assured flow of new tools and new productive equipment. They starve.

Then, the nation in questions falls far behind the civil economy in nations not so burdened.
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