This video from the USA says about itself:
23 July 2012
Nobel Prize-winning economist Joseph Stiglitz argues that U.S. combat in Afghanistan and Iraq helped trigger 2008’s economic collapse. According to Stiglitz, rises in oil prices, a culture of deregulation, and the housing bubble all stem from America’s war involvement.
From British daily The Morning Star:
Tuesday 02 June 2009
by Tom Mellen
A pro-business think tank admitted today that the market meltdown is dragging the world into political instability and conflict.
It estimated the economic impact of lost peace on the global economy at $7.2 trillion (£4.3 trillion) per year, contending that $4.8 trillion (£2.9trillion) “would be value-added from business activities that never see the light of day due to violence.”
And a further $2.4 trillion (£1.46 trillion) “relates to the redeployment of resources and expenditure away from industries benefiting from violence to those that benefit from peace.”
Many of the indicators which the institute uses to measure “peacefulness” – a country’s murder rate or its level of military expenditure and the likelihood of violent demonstrations – deteriorated as the world economy crashed.
The report, which was prepared in conjunction with the neoliberal Economist Intelligence Unit, observed that “rapidly rising unemployment, pay freezes and falls in the value of house prices, savings and pensions is causing popular resentment in many countries, with political repercussions.”