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by octopoc 85 days ago
How do you square that with Germany’s miraculous economic recovery pre WII? Obviously they were doing something right. It took every other major power on the planet to take them down.
1 comments
navane 84 days ago
Because there was no off ramp. War economy never has. It looks great while it's going though.

Year Military Spending (billions of RM) % of GDP

1933 0.7 1.0%

1934 4.0 5.1%

1935 5.5 7.0%

1936 10.3 12.2%

1937 11.5 12.7%

1938 17.2 17.2%

1939 38.0 23.0%

Did they build their military to go to war? Or were they force to go to war as the nature of their economy forced them?

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