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The primary difference between developed and developing countries...
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2019-01-07 at 6:29 PM UTC
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2019-01-07 at 6:30 PM UTC
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2019-01-07 at 6:32 PM UTC
Originally posted by vindicktive vinny except when those trillion defense expenditures become debt, its tax payers who'd be forced to pay for it.
in other word, whites.
It's not the rocketry that causes the debt, it's the welfare system and entitlement programs...without those there would be no debt...there would be rockets. -
2019-01-07 at 6:41 PM UTC
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2019-01-07 at 6:44 PM UTC
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2019-01-07 at 6:49 PM UTC
Originally posted by Jiggaboo_Johnson It's not just about the $$ amount, it's about the worthwhile aspect of it…$1 is too much spent on saving a worthless life for example…whereas $1/2 billion isn't enough spending it on cool fighter jet*.
* that couldnt fly while russians spend a fraction of that for planes that could. -
2019-01-07 at 6:50 PM UTC
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2019-01-07 at 6:57 PM UTC
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2019-01-07 at 6:58 PM UTC
Originally posted by vindicktive vinny isnt it like all f35s are now grounded pending some investigation ? was it lifted ?
irregardless, military spending is still the biggest contributor to the ever deepening american debt.
and it will be the productive people who pay for it.
Again, the debt is due to the welfare and entitlement programs..take those away and there wouldn't be any debt...regardless of military spending
The military is much more valuable than poor people. -
2019-01-07 at 7:04 PM UTCI think asian countries are under developed but America is way over developed because of all the hormones we’ve been eating.. oh wait, we aren’t talking about breasts, are we!?
NM. carry on. 🤟 -
2019-01-07 at 7:06 PM UTC
Originally posted by Jiggaboo_Johnson Again, the debt is due to the welfare and entitlement programs..take those away and there wouldn't be any debt…regardless of military spending
The military is much more valuable than poor people.
> spends trillions on the military and raking up trillions of debt per year
> blames wellfare and entitlements that costs only tens of millions per year. -
2019-01-07 at 7:08 PM UTC
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2019-01-07 at 7:11 PM UTC
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2019-01-07 at 7:11 PM UTC^
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2019-01-07 at 7:19 PM UTC
Originally posted by Jiggaboo_Johnson It's not just about the $$ amount, it's about the worthwhile aspect of it…$1 is too much spent on saving a worthless life for example…whereas $1/2 billion isn't enough spending it on cool fighter jet.
Who decides which life's are worthless and which are worthwhile?
You?
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2019-01-07 at 9:10 PM UTC
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2019-01-07 at 9:52 PM UTC
Originally posted by vindicktive vinny > spends trillions on the military and raking up trillions of debt per year
> blames wellfare and entitlements that costs only tens of millions per year.
"In FY 2019 total US government spending on welfare — federal, state, and local — is “guesstimated” to be $1,179 billion, including $721 billion for Medicaid, and $458 billion in other welfare."
Back to school young Asian... -
2019-01-07 at 9:54 PM UTC
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2019-01-07 at 10:22 PM UTC
Originally posted by Narc Who decides which life's are worthless and which are worthwhile?
It's done all the time, for instance you don't spend the same time and money trying to save old people as young. Children's hospitals are state of the art, old people get sent to wards that are just glorified waiting rooms when they get sick. -
2019-01-08 at 1:56 AM UTCFirst of all most "developing" countries aren't developing at all, they're either stagnant or getting poorer, especially on a per capita basis.
The question of the difference between a successful state and a failed state has been intensively studied by economists, who conclude the major difference is that failed states are so because they have institutions that fail to do their job. For instance a shit country is going to have corrupt police, a good country is going to have honest ones.
Most of economic development is about trust, as people get richer trust increases and vice versa. Division of labour and all that. It's hard to do when you can't trust your neighbour, and trust only increases very slowly.
Anyway I'd recommend the podcast Econtalk - the episodes with Acemoglou (sp?) - if you actually care.