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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (347892)8/22/2007 10:19:44 AM
From: TimF  Read Replies (1) of 1574491
 
So, are you trying to say that because we are throwing a trillion plus down the rat hole of Iraq, we can't make any investments in the future?

No I'm trying to say that while imposing additional costs and limitations on the economy will generate some investment to cope with the new situation, its not reasonable to look at this investment as economic growth. If you have power from X, and you force a shift to Y, you will get a lot of investment in Y, but to a large extent that investment is replacing the existing stock of investment. Might some of it represent a real increase in the stock of investment? Sure, there are advantages from new power sources, and also newer plants will take longer before they where out or become obsolete. But much of it is just replacement and isn't real economic growth any more than breaking windows and replacing them represents economic growth, or rebuilding New Orleans after Katrina represents real growth.
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