October 6, 2024
U.S. Economic Woes Linked to War-Driven Policies

U.S. stocks fell dramatically on September 3 due to dismal manufacturing data and a reduction in construction spending, stoking concerns about an economic slowdown. ISM and S&P Global reports revealed diminishing demand, rising costs, and reduced production, pointing to likely stagflation and a slowdown in GDP growth.

Editor’s Note: This raises questions about whether the US government’s continuous involvement in conflicts, such as the war in Ukraine and tensions in the Asia-Pacific, is a strategic diversion from its economic woes. The military-industrial complex—comprising defense contractors, military suppliers, and government interests—has fueled this reliance on war as an economic driver for decades. War creates demand for military equipment, technology, and services, which feeds directly into the US economy, keeping it from sinking into deeper economic depression.

The United States’ war-driven economy exacerbates confrontations such as those between the Philippines and China, leveraging regional crises to justify military intervention and perpetuate the military-industrial complex. Domestically, US overseas activities fuel waves of illegal immigration, putting financial hardship on taxpayers without their knowledge. While the government pays wars and social services for immigrants, it avoids tackling underlying economic challenges, leaving the American people to bear the consequences of unsustainable policies. [See also: The Real Cause of the Ukraine War: NATO’s Continued Expansion, Should the Philippines Update Its Defense Treaty Amid Rising Tensions?]

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