Wars bankrupt nations / by kevin murray

There are certain countries that believe in the necessity of war, without seeming to take into account not only the human cost of war, or of the devastating destruction to infrastructure because of those wars, but also the inconvenient fact that many a war does not successfully resolve whatever the problem was that represented the proximate reason for that war in the first place. So then, a reasonable person should have a tendency to believe that nations must do everything possible to avoid or avert war, so as to come to a responsible diplomatic solution, rather than to insist that the way to solve problems must instead come through the sword.

 

Additionally, there is the monetary cost of war, for the need of soldiers, materials, and the logistics of war necessitate an incredible amount of money that must be expended in order to make war upon the other.  So then, in our modern age, a lot of the expenditures so required for war, actually ends up being borrowed, of which, we read at Watson.brown.edu, that “Through Fiscal Year 2022, the United States federal government has spent and obligated $8 trillion dollars on the post-9/11 wars in Afghanistan, Pakistan, Iraq and elsewhere.”  This thus signifies that because American citizens are as taxpayers responsible for the debt so incurred for these wars so fought on behalf of America, and of which because that money has been borrowed, monetary interest has to be paid in order to service that debt so incurred for those massive war expenditures, that the price of war is quite expensive, indeed.  Further to the point, it is fair to state, that monies expended on war and the debt to such, necessitates a tightening of the belt for those other governmental departments, such as education, welfare, infrastructure, and social services, that are not part of the war effort, which affects what citizens do or do not subsequently get or are entitled to from their governance.

 

Additionally, the further any nation gets into a spiraling debt, the more vulnerable the coin of the realm will be to depreciation, even to catastrophic depreciation, because when those investors in American bonds, no longer feel the confidence that the monies so borrowed will actually be safely paid back, they are going to demand two basic things: the first is a higher real interest rate of return on their investment because it’s stability has been called into question, and second is that they will desire to see that proper monetary and budget controls are thus put into place so as to stabilize the monetary unit, or else they will have a distinct tendency to find another nation or venue to invest their monies in, more prudently.

 

Indeed, nations come and nations go, and to believe somehow that the United States of America need not ever worry about the massive deficits it has been running for decades in their reckless desire for the need for endless wars, will definitely be something of which there will be a forceful reckoning.  History, has demonstrated to us, time and time again, wars will not only bankrupt nations, but will also change the very nature of that governance, for better or for worse.