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The Three Trillion Dollar War: The True Cost of the Iraq Conflict by Joseph E. Stiglitz
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The Three Trillion Dollar War: The True Cost of the Iraq Conflict

by Joseph E. Stiglitz

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  knol | Oct 26, 2008 |
  worldsedge | May 14, 2008 |
War is a costly and destructive activity not to be undertaken frivolously and unprepared. Alas, the Bush administration, cheered on by the media and a vengeful public, marched to war. The list of what the US could have paid for with the money it wasted on war is heartbreaking. The gist of this book has already been published in the authors' brave paper some years ago. This is basically an extended walk-through of all the assumptions the authors made to arrive at their number, a task quite unnecessary as the political attacks upon the paper relied upon bad faith and willful ignorance, Just one assumption I find a hard-nosed economist would not agree on: To value an Iraqi life as much as an American one. They should have based the Iraqi lifetime value on Iraq's economic potential.

The book then turns to the bad treatment of US Veterans who receive but stingy treatment for their sacrifice. While the accusations are shameful, this is not a novel element of the Iraqi War. From Washington's Valley Forge on, the US has treated its soldiers badly. The Civil War slogan "a rich man's war and a poor man's fight" is still pertinent. While the US is very vocal in honoring their soldiers, actual care lags far behind. As the US upper class does not seek military careers, the army recruits among the less fortunate. Service for the poor rapidly become poor services. The Bush administration's penchant for corruption only aggravates an existing problem.

Overall, the two messages, that wars are expensive and soldiers deserve proper care, are important and should be given more consideration. I am not sure if their combination in one book is a good choice, as it mixes strategic decisions about politics and wars with instrumental ones. This lessens the impact of the book. ( )
  jcbrunner | Mar 24, 2008 |
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Dedication
This book is dedicated to all those who have died in Iraq and

Afghanistan as well as to those still placing their lives at risk.

It is also dedicated to the returning veterans,

especially those who have become disabled.

We are thankful for their sacrifices;

they deserve all the care we can give.
First words
By now it is clear that the U.S. invasion of Iraq was a terrible mistake. (Preface)
Untangling the costs of the war has not been easy, and it would not have been possible without the help of many. (Acknowledgments)
On March 19, 2003, the United States and its "coalition of the willing" invaded Iraq.
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Wikipedia:Articles for creation/2008-02-28

Book description

Amazon.com Product Description (ISBN 0393067017, Hardcover)

The true cost of the Iraq War is $3 trillion—and counting—rather than the $50 billion projected by the White House.

Apart from its tragic human toll, the Iraq War will be staggeringly expensive in financial terms. This sobering study by Nobel Prize winner Joseph E. Stiglitz and Harvard professor Linda J. Bilmes casts a spotlight on expense items that have been hidden from the U.S. taxpayer, including not only big-ticket items like replacing military equipment (being used up at six times the peacetime rate) but also the cost of caring for thousands of wounded veterans—for the rest of their lives. Shifting to a global focus, the authors investigate the cost in lives and economic damage within Iraq and the region. Finally, with the chilling precision of an actuary, the authors measure what the U.S. taxpayer's money would have produced if instead it had been invested in the further growth of the U.S. economy. Written in language as simple as the details are disturbing, this book will forever change the way we think about the war.

(retrieved from Amazon Fri, 24 Apr 2009 07:58:08 -0400)

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