POLS2094 Lecture Notes - Lecture 12: Military Aircraft, Business Cycle, Human Capital
Document Summary
Has social as well as technological elements. The military, the centralised state and empire conquest and colonisation. In none of the nineteenth century cases where the state plays a significant role - Germany, russia and japan is it actually controlled by capitalists. Military pressure is a critical reason for modernisation. Ww2 different from ww1 armies not demobilised arms spending enormous. 85% of all this spending undertaken by 7 countries. The military accounted for 52% of all research in the us. The impact of arms spending heavily concentrated on capital goods industries which have been traditionally responsible for the big swings in the business cycle. This conjunction of an immense military establishment and a large arms industry is new in the american experience. To an extent but recipients might change supplier or attempt to create an indigenous industry i. e. have opposite effect. Example us pressure on saudi arabi on palestine-us. Uk in 1988 - billion al-yamamah deal.
