A Quote by Joseph Stiglitz
World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.
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Because the US has control of the sea. Because the US has built up its wealth. Because the US is the only country in the world really not to have a war fought on its territory since the time of the Civil War ... Therefore we can afford mistakes that would kill other countries. And therefore we can take risks that they can't ... the core answer to why the United States is like this is we didn't fight World War I and World War II and the Cold War here.
There is a clear and strong link between the economy's present woes and the Iraq war. The war was at least one of the factors contributing to rising oil prices - which meant Americans were spending money on imported oil, rather than on things that would stimulate the american economy. Hiring Nepalese contractors in Iraq, moreover, doesn't stimulate the American economy in the way that building a school in America would do - and obviously doesn't have the long term benefits.
There is a myth that the New Deal programs on their own pulled the US out of the Great Depression and created the conditions for the economic boom after World War II. As an economist, I can tell you, that is not true. In reality, it was mainly World War II that launched the boom - the massive war mobilization, the horrifying destruction and death caused by it, and then the reconstruction in its aftermath. he US was the only advanced capitalist country that was not bombed during the war.
Americans, particularly after World War II, tended to romanticize war because in World War II our cause was the cause of humanity, and our soldiers brought home glory and victory, and thank God that they did. But it led us to romanticize it to some extent.
History of America, Part I (1776-1966): Declaration of Independence, Constitutional Convention, Louisiana Purchase, Civil War, Reconstruction, World War I, Great Depression, New Deal, World War II, TV, Cold war, civil-rights movement, Vietnam. History of America, Part II (1967-present): the Super Bowl era. The Super Bowl has become Main Street’s Mardi Gras.
Out of the ashes of the Great War came the freewheeling cultural renaissance that was the Jazz Age, but the decade-long party of flapper dresses and bootlegging came to a crashing halt with the Crash of '29 - triggering the Great Depression and the New Deal that would help America get back on its feet, just in time for another, greater war.
At the beginning of World War II the U.S. had a mere 600 or so first-class fighting aircraft. We rapidly overcame this short supply by turning out more than 90,000 planes a year. The question at the start of World War II was: Do we have enough funds to produce the required implements of war? The answer was No, we did not have enough money, nor did we have enough gold; but we did have more than enough resources. It was the available resources that enabled the US to achieve the high production and efficiency required to win the war. Unfortunately this is only considered in times of war.
World War II broke out in 1939, and many people credit that war with saving the economy.
We have to recognize that the reason that the global order that we've enjoyed and almost take for granted over the last several years exists is that after World War II, the United States and its allies tried to build an antidote to what they had seen between World War I and World War II. There, they'd seen protectionism, beggar-thy-neighbor trading policies, so they said, we'll build an open international economy. And they did that.
I wouldn't have voted for the war in Iraq, which has cost us trillions we could have been spending on a carbon-free economy, affordable college, and single-payer health care.
I think in many ways, the Spanish Civil War was the first battle of World War II. After all, where else in the world at this point did you have Americans in uniform who were being bombed by Nazi planes four years before the U.S. entered World War II? Hitler and Mussolini jumped in on the side of Francisco Franco and his Spanish nationalists, sent them vast amounts of military aid, airplanes, tanks - and Mussolini sent 80,000 ground troops as well - because they wanted a sympathetic ally in power. So I think it really was the opening act of World War II.
The World War I, I'm a child of World War I. And I really know about the children of war. Because both my parents were both badly damaged by the war. My father, physically, and both mentally and emotionally. So, I know exactly what it's like to be brought up in an atmosphere of a continual harping on the war.
One began to hear it said that World War I was the chemists' war, World War II was the physicists' war, World War III (may it never come) will be the mathematicians' war.
Particularly when the war power is invoked to do things to the liberties of people, or to their property or economy that only indirectly affect conduct of the war and do not relate to the engagement of the war itself, the constitutional basis should be scrutinized with care. ... I would not be willing to hold that war powers may be indefinitely prolonged merely by keeping legally alive a state of war that had in fact ended. I cannot accept the argument that war powers last as long as the effects and consequences of war for if so they are permanent -- as permanent as the war debts.
People say the war in Iraq is a bad war, and the war in Afghanistan is a good war, but what's the difference between them? Democratic people around the world cannot accept that this is a good war. This is just endless war.
It's important to remember that World War II was experienced very much as a continuity in that sense. Most of World War II in most of Europe wasn't a war; it was an occupation. The war was at the beginning and the end, except in Germany and the Soviet Union, and even there really only at the end. So the rest of time it's an occupation, which in some ways was experienced as an extension of the interwar period. World War II was simply an extreme form, in a whole new key, of the disruption of normal life that began in 1914.
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