Monday , May 5 2025
Home / Mike Norman Economics / Assessing the Economic Value of Military Material — Philip Pilkington

Assessing the Economic Value of Military Material — Philip Pilkington

Summary:
Important. This reflects what former USSR naval officer Andrei Martyanov has been saying and writing books about for a long time. The West is using the wrong standards of comparison, like nominal GDP rather than national capacity. In this light, Russia and China are far stronger than the West realizes using Western-preferred metrics. This has been brought out by industrial warfare. Pursuit of neoliberalism has apparently weakened the West's industrial capacity as factories were moved to locations of cheap labor, notably China. The West not only misjudged the power of sanctions but also underestimated relative national capacity in relation to Russia with respect to effect on war-making. This was a double failure on the part of intelligence that amounts to a serious strategic

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius

Important. 

This reflects what former USSR naval officer Andrei Martyanov has been saying and writing books about for a long time. The West is using the wrong standards of comparison, like nominal GDP rather than national capacity. In this light, Russia and China are far stronger than the West realizes using Western-preferred metrics. 

This has been brought out by industrial warfare. Pursuit of neoliberalism has apparently weakened the West's industrial capacity as factories were moved to locations of cheap labor, notably China. 

The West not only misjudged the power of sanctions but also underestimated relative national capacity in relation to Russia with respect to effect on war-making. This was a double failure on the part of intelligence that amounts to a serious strategic blunder.

American Affairs
Assessing the Economic Value of Military Material

Philip Pilkington

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *