Jon Taplin reproduces this jaw-dropping chart: Floyd Norris's scary graph of Durable Goods Production, adding, "We have so hollowed out our industrial plant that the only thing we are now producing is weapons of war." He goes on to quote Toynbee on Rome: "The economy of the Empire was basically a Raubwirtschaft or plunder economy based on looting existing resources rather than producing anything new. The Empire relied on booty from conquered territories... With the cessation of tribute from conquered territories, the full cost of their military machine had to be borne by the citizenry."
Update: The total numbers are better than the percentage changes: The US "remains primarily a civilian economy. Military now takes 8% of all durable goods, up from 3% in 2000."
Trump seemed awfully uptight today, didn’t he. Can it be the impeachment trial? By 4:25 PM today in Washington, DonaldTrump broke his own previous record of 123 tweets in a single day, a milestone he set just over one month ago, according to Factba.se, ‘a service that compiles and analyzes data on Trump’s presidency.’
Now that the latest iPhones have embraced the wireless charging revolution, there’s really no excuse for not having a wireless charger of your own. But even the best wireless chargers don’t allow users to use their phones while they’re being powered up. This Suction Powered Wireless Charger breaks that rule by allowing you to comfortably […]
You no longer need to invest vast quantities of your time and money in order to take advantage of everything that graphic design can do for your brand or business. Design Wizard Pro allows you to quickly create pro-level image designs in minutes, and a lifetime subscription is currently available for over 90% off its […]
The Nintendo Switch is an undeniably awesome gadget, pairing old-school gaming styles with modern-day graphics and functionality for a new generation of gamers. The only complaint people seem to have is that its controllers are somewhat lacking, which is why more and more Switch-enthusiasts are picking up this Gbros. Wireless Adapter that lets you play […]