deconstruction of "opportunity cost"
by
baltimore aureole
07/17/2007, 9:34 AM #
opportunity cost is a business term, which usually refers to the alternative uses of capital, equipment, or real estate.
for example, i can do an opportunity cost evaluation on whether to build a parking garage, or a casino on the scenic riverfront property i own downtown. which one do you think would provide a better return.
similarly, with the US troops in iraq, the "opportunity cost" question isn't as simplistic as "bring them home", although that would absolutely reduce US casualities, but at the expense of iraqi casualties, US foreign policy influence/credibility, deterrance of future acts of terrorism, etc.
rather, the alternative opportunities would include things like:
- redeploy to afghanistan (obamas's solution)
- invade iran
- standby to defend israel from palestinian attacks or iranian nukes
- deter the next terrorist/hezbollah uprising in lebanon
- send to the philippines to crush radical islamists there
- bring home immediately and do not use at all
- redeploy to iraqi borders, ports, and airfields to deter the infiltration of men/materials from iran, syria, etc.
personally, i favor the last bullet point, as it aligns better with the skills and technology we've sent to iraq, rather than trying to prevent terrorist bombings of public spaces like mosques, markets, and street corners.
but others may feel differently.
we have proved once again that american troops can win a conventional war, but cannot occupy a foreign country.
will we also prove that our committments to the oppressed of the world can be deterred by acts of barbarism and atrocities?
people in the white house and congress who've never looked down a gunsight will decide that answer, i suppose.