In times of disaster and destruction, a common narrative often emerges that rebuilding efforts will lead to economic growth. The idea that repairing damage and replacing destroyed goods creates jobs that spur consumption and stimulate economic activity is tempting. However, as French economist Frédéric Bastiat explained in his famous “Broken Window Theory,” this reasoning is fundamentally flawed. Rather than generating net economic benefits, destruction diverts resources and wealth that could have been used for more productive purposes, ultimately stifling real economic growth.
So much for broken windows, disasters, and wars being good for the economy. Only idiots and psychopaths think in these terms. So, the looting defense companies are making money by shooting off armaments? https://www.tiktok.com/@financian_/video/7371796080821832993?lang=en
No, they are just looting the future, now.