> >If a nation maintains a large military establishment, a large part of >its best engineers are involved not in the design and production >of capital goods but in the production of machines which do >not constitute capital. This slows down capital accumulation in >those countries. The person hours spent on Trident submarines >and aircraft carriers are hours not spent modernising the means of >production. Paul C, why would military development at least in the short run come at the expense of modernizing the means of production if the imperial country can import skilled labor and capital at will? Yours, Rakesh
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