8 Conclusion
The main goal of this book was to investigate theoretically and empirically the effect of milex on the rate of profit from a Marxist perspective. Although there is an ever-growing empirical literature on the effect of milex on economic growth in the defence and peace economics, very few works have examined the role of milex in the capitalist economy with special attention to its effect on profit rates.
There are three main strategic and economic motives for milex in capitalist systems (Smith and Smith, 1983). First, capitalist states must protect the international capitalist system from external threats, such as communism or radical Islamic terrorism. Second, military power is the main tool for the core countries to sustain their ...
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