Putin's war, unlike the American wars, is having a major domestic impact. Although the Ukrainians cannot seriously bomb their territory, on the other hand 1) they have converted industrial production to war production and 2) the loss of labour between deaths, wounded, deserters and emigration of graduates is comparable to that of the great conflicts of the first half of the 20th century. The impact of the US wars was mainly on debt (e.g. Vietnam was one of the causes of the end of Bretton Woods). This war, on the other hand, is 3/4 domestic for Russia. Imvho
Great topic. Looking forward to reading your book. Thank you.
"The Watson Institute for International & public affairs at Brown University initiated a Costs of War project in 2010 ... that analyzed the full costs of the total War on Terror. The costs continue to pile up even now that the war is over. As of fiscal year 2022, they estimate the total cost of the war so far to be approximately $5.8 trillion. This includes ...direct war funding ...military expansion ... creation of the Department of Homeland Security ... cumulative veteran's benefits, and $1.1 trillion in interest on the debt used to pay for it." (p 164)
Is the war in Ukraine domestic or foreign for Russia?
Foreign. We use international conventions, not Putin's definition of 'Russia'
Putin's war, unlike the American wars, is having a major domestic impact. Although the Ukrainians cannot seriously bomb their territory, on the other hand 1) they have converted industrial production to war production and 2) the loss of labour between deaths, wounded, deserters and emigration of graduates is comparable to that of the great conflicts of the first half of the 20th century. The impact of the US wars was mainly on debt (e.g. Vietnam was one of the causes of the end of Bretton Woods). This war, on the other hand, is 3/4 domestic for Russia. Imvho
Play around with the tool and you can see that the model predicts a major economic impact on Russia as well as Ukraine.
Great topic. Looking forward to reading your book. Thank you.
"The Watson Institute for International & public affairs at Brown University initiated a Costs of War project in 2010 ... that analyzed the full costs of the total War on Terror. The costs continue to pile up even now that the war is over. As of fiscal year 2022, they estimate the total cost of the war so far to be approximately $5.8 trillion. This includes ...direct war funding ...military expansion ... creation of the Department of Homeland Security ... cumulative veteran's benefits, and $1.1 trillion in interest on the debt used to pay for it." (p 164)
BROKEN MONEY
by Lyn Alden
I am reading this book now.