You’ve probably heard it said that war is good for the economy. Once things get destroyed, the theory goes, industries that might have been stagnating can deploy their teams to rebuild what was destroyed. Business is conducted once again, things are rebuilt, and the industries involved in rebuilding start to make money again.
But what happens if things were never destroyed to begin with? The same money would be in the economy. That money could get spent on things people wanted instead of things they needed, and it could get saved and invested in economic growth instead of spent on getting back to life as it was before.
The next time someone tells you that war is good for the economy, share this infographic with them. You may be changing hearts and minds about conventional wisdom that has led to decades of war. Prosperity is created by production, not destruction.