For far too long, popular economics taught us that war grew economies. As we withdraw from Iraq and reflect on the last decade, I think we can safely say our adventurous approach to war has not stuffed America’s pockets.
GDP refuses to go higher while unemployment stubbornly refuses to go lower. We have a system — both financial and political — in serious need of repair, and even with the controversial Iraq war news, our spending is still literally decades away from sustainability.
Few could have predicted how poorly America would reflect on its failed 21st-century economy.
In 2003, Nobel Prize-winning economist Joseph Stiglitz wrote in the U.K. newspaper The Guardian, “War is widely thought to be linked to economic good