Sunday, August 27, 2006
Sunday, August 06, 2006
I've written earlier about how war can be a tempting tool to resolve economic crisis in the short term but with grave long-term consequences.
John Mearsheimer, in his book The Tragedy of Great Power Politics, points out the important relationship between economic and military power.
Now, the current war in the Middle East shows another the aspect of war which is closer to what Mearsheimer has noted. War can also be used to set back the economic progress of a potential adversary.
In its U.S. weekend edition, published on August 6, 2006 but with no significant mention of Hiroshima's anniversary, Financial Times reports:
At least 45 large factories have been hit by Israeli air strikes according to a list compiled by Lebanese businessmen. On the list are factories for furniture, medical products, textiles, paper and a milk plant. Procter and Gamble's warehouse in Beirut was bombed, with damage to $20 million of stock.