Sebastian Junger
👤 PersonAppearances Over Time
Podcast Appearances
War is not particularly good for the stock market.
For some businesses, absolutely.
But for the array of economic enterprise in the world, like war doesn't do the economies much good overall.
And so the question is, like, how do you – so democracies are –
invested in stability, in market stability.
They're invested in it because they disproportionately benefit from it, right?
Iraq under Hussein was not disproportionately benefiting from market stability because it was an oppressive, it was a dictatorship, right?
And the economy sucked and there was a ton of corruption, right?
But democracies are quite, they really do benefit from stability.
But all of those democracies are defended by really robust militaries, right?
They would get overrun in half a generation.
Well, there's also the sort of what do you – what happens when the dog catches the tire, right?