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Old 05-19-08, 05:13 PM   #32 (permalink)
gunner
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Re: The New Mercantilists?

Quote:
Originally Posted by Scucca View Post
There certainly are some regional issues, given the nature of geographic concentration. However, for the British economy, we have to consider the opportunity costs. With spin-in (where R&D resources are focused on finding military use for civilian know-how), we have to appreciate that the military production leads to reduced civilian economic success. Our economic growth is essentially stunted by wasting scarce resources (particularly scientists and engineers) on a illiberal trade with only limited economic benefits
I don't think there's an abundance of engineers, Scientists out there due to the UK not actually manufacturing anything anymore [That's unfortunately the reason we're scarce], so i wouldn't say the defense industry has robbed the civilian economy of that kind of resource.
My time in further education was with guys made up from the defense industry compared to civilian manufacturing by about 75% per a class.
What you consistently ignore is defense is not about economics, its about "DEFENSE". Too right the industry could be more economically viable but you have to understand that's not the main objective.
Did you misunderstand were i state my employer is using its workforce for many civilian contracts?

Paul.
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