(February 26, 2017 at 9:23 pm)Anomalocaris Wrote:(February 26, 2017 at 8:28 pm)Tazzycorn Wrote: Actually it wasn't Germany under the nazis never returned to the economic levls of 1928, and for the ordinary Germans levels of prosperity pretty much stayed at Depression levels.
The nazis had fucked the German economy by 1937, at the very latest.
That's not entirely true. The nazis used the arms build up as one vast and unending stimulus package to restore Germany to full employment. They did succeed in returning Germany to near full employment by 1938. So for those Germans who were out of a job during the depression, the standard of living certainly improved under the nazis.
But the problem is the unending stimulus package is vastly inflationary. The illusion of things becoming better under the nazis can't be sustained much past 1940-1941 without a transition to war economy because all the inflationary things will catch up and Germany will again experience run-away inflation.
Furthermore, arms build up is very inefficient in converting national resource into sustainable increase in productivity. Combined with the nazi drive for autarchy, which is an implicitly inefficient and uneconomic allocation of national resources, Germany's overall economic efficient very likely significantly declined under the nazis, which in the long run means without the war, nazi Germany and the average German would become significantly poorer soon after 1938.
Btw, this looks suspiciously like trump's plan to tank the long term economic efficiency and productivity of the American economy through an autarchish effort to erect trade barriers, create wasteful jobs at home in areas where Americans are far less efficient than their foreign counterparts, while adding temporary boost to demand for economic activity by an inflationary arms buildup and Un-financed infrastructure program.
Hitler was willing to trash the fundamental underpinning of German economic efficiency because he wanted to make Germany ready to fight a war of conquest at the earliest possible time, and if he wins that war he could simply pillage the rest of Europe afterwards to make up for the long term loss of German economic productivity.
What is trump's plan to make up for the long term damage to American economic efficiency resulting from making American economy reliant on those things which other countries do better and therefore Americans shouldn't do at all, while trashing the rationalizing and wealth generating trade? Does he plan to invade and pillage Mexico?
It's not a statistic, but my dad was born in '38. They were basically starving until '47 or so
The fool hath said in his heart, There is a God. They are corrupt, they have done abominable works, there is none that doeth good.
Psalm 14, KJV revised edition
