No actually, that's about the opportunity cost of war. There's a left-wing argument I frequently see that the US finds wars to increase profitability but I'm talking about the propping up of firms to keep the industrial capacity ready. It is not the most productive use of capital, but it is productive.
I don't either, and I don't want a war with either Russia or China nor do I want the slow escalation that is currently happening. But the political reality is that the US will not be decreasing defense spending any time soon. There's no voting this situation away.
