Some people believe that war stimulates business as companies have to produce a lot of dispensable goods to meet military needs, and then, in the aftermath, new demand arises from people’s postponed desires for comfort and luxury. However, the effect wears out with time, and business slows down until it reaches recession levels.
This is not a very promising proposition, as it suggests that peace and prosperity cannot thrive together for long. Yet, some people believe that we can have both if we build some kind of sustainable economy. Such type of economy will, perhaps, challenge some of our ideas about prosperity, especially the concept of economic growth.
How do you think?
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