Oil Prices

It is often claimed by bourgeois economists, historians and politicians that endless war has been good for the U.S. capitalist economy, providing jobs in weapons production and the rebuilding of what U.S. bombs destroy. For example, the high school and college textbook “America’s History” (2011) argues throughout its telling of every war — from the 19th-century Civil War to the 1940s World War II, from the 1960s and 1970s slaughter in Vietnam to the 1991 and 2003 “shock and awe” bombings and occupation of Iraq — that U.S. wartime economies turned domestic capitalist economic recessions and depressions into general boom times for the population.