2 Trillions that could have been invested in education, science and welfare instead.
and health. Don’t forget health. Americans would actually SAVE money if they socialised healthcare.
One thing to keep in mind is that defense spending tends to rely heavily on local provision. You generally can’t just import soldiers, and keeping military-industrial supply chains local or at minimum trusted is also a requirement. So using something like a PPP-adjusted figure rather than a nominal figure is probably going to be closer to what you’re actually buying, and that rather considerably diminishes the difference.
kagis for someone discussing the matter
https://cepr.org/voxeu/columns/chinas-military-rise-comparative-military-spending-china-and-us
Given current data, China’s military expenditure in PPP terms is estimated to be $541 billion, or 59% of US spending, and its equipment levels are only 42% of US levels. Comparing trends over time shows that the US has matched China in recent years, albeit at the cost of a much higher defence burden.
The underlying mechanism here is that China has a lot of people who will work for rather-lower wages than in the US, which means that each nominal dollar China budgets for their military can buy them more military capacity than in the US, via taking advantage of those lower wages.
If the US had a large supply of workers willing to work at Chinese wages, and could use them to drive its military and military-industrial system, that wouldn’t be a factor.
China also owns their own resources while the US doesn’t so the US has to pay a middle man to build anything.
Also, this probably includes what the US sells.
*war
If the VA was a military it would be in the top 5.
Peter G. Peterson
The most “Booty McBootface” type white name I’ve seen.
I am Peter, son of Peter, son of Peter.
Winning
The United States provides security guarantees for most of the western world. That was the entire point of post-WWII reconstruction.
The US will provide security guarantees. Participating countries will provide free market access to their citizens.
- The Marshall Plan
The US has been in a position to overspend (proportionally) on defense due to having the strongest economy basically since WWII. Other countries are able to invest in their own economy, innovation or infrastructure without needing to spend money on defense.
Ignoring any Trump jingoism, look at NATO expenditures. These countries agreed to a certain level of spending based on their GDP so the US wasn’t the sole guarantor, but no one met their obligations for decades.
The US is completely free to reduce their spending to match the rest of NATO but does not.
The United States provides security guarantees for most of the western world
This is just American exceptionalism. The west hasn’t waged a “defensive” war since 1945, all it’s done with its militaries is destroy other countries: Vietnam, Korea, Laos, Cambodia, Iraq, Afghanistan, Libya or Yugoslavia are just a few examples that come to mind, tens of millions of lives lost and tens of millions more ruined just in these conflicts.
The world would be a far, far, FAR better place if the west didn’t have this level of military capabilities.
And most of it goes either into super inflated prices for the most silly things, or into projects that no one can talk about and are unsupervised.
“War” spending, now.
Edit: I am slow
Hold up. I see three NATO countries in that top-spending list, yet Trump is crying that they don’t spend enough? It seems, as everyone seems to agree, that the problem is the US spends way too much. But since US “defense” spending is an obvious grift to shift public money to private pockets this isn’t too surprising.
Depends on how you define “necessary”.
More than actual use, the American military is about “implied threat”
“Do as we say, or else”.
Its always been that way. Without the implied threat, the other world leaders would have told cheetolini to pound sand on day one.
When you hate and fear everyone, this is what you spend your money on.
its “necessary” once you figure out that when people get tired of the complications caused by it, they are willing to use the military to quash discent on behalf of the elite class, to maintain control.
all i know is, i play warhammer total war 3 a lot. and when my skavens are starving and start an uprising, i just send a lord with his army to quash the discenters, and maintain control.
simple as.
Socialize (military) spending, vassalize smaller countries, privatize wealth, that’s the american way of running businesses
at least half goes to defense contractors.
