The waste is in arms production, unemployed resources, restrictions on output, financial manipulation, advertising, unnecessary activities generated by the pursuit of profit, bureaucracy, and the overcapacity in some fields that coexists with shortages in others. The analysis slips back and forth between perceptive insights and good historical perspectives on the one hand and conventional arguments-some mainstream, some left-leaning-on the other.
Enjoy more high-quality articles like this one.
Become a subscriber.
- Paywall-free reading of new articles posted daily online and almost a century of archives
- Unlock access to iOS/Android apps to save editions for offline reading
- Six issues a year in print, online, and audio editions