alt Hacker NewsThe military thing is a much bigger flywheel. A lot of technology really comes out of military research or is supported in key ways by military projects.
Healthcare was similar until the wage stagnation really started impacting the ability to deliver service. It went from 9% of GDP in 1970 to 19% today, supported by payroll that has risen way under inflation.
About 20% of the US economy is killing people, 20% healing people, and the rest is everything else.
Replies
nradov • yesterday at 9:56 PM
Something like a quarter of all US healthcare spending is "low value care" which isn't justified by evidence-based clinical practice guidelines. It isn't healing people and often harms them. We have a huge problem with waste, fraud, and abuse.
> The military thing is a much bigger flywheel. A lot of technology really comes out of military research or is supported in key ways by military projects.
Yeah, I wouldn't call all our military spending unproductive waste. I'm not insensitive to arguments even about building stuff we don't need simply in order to keep a particular industry healthy-enough that it's ready to expand in case of an actual, serious war. I think a good deal of it is, though, and the reason it's hard to tamp down is that it's not-so-secretly a jobs program that Republicans are willing to vote to fund (even if we'd get more out of spending the same money to have the same people build parks infrastructure or whatever).