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Dragljub Bosnic —This is why Russia has won the arms race

Summary:
PPP, scope, and efficiency, e.g., exploitation of asymmetry. Military spending can be deceptive depending on measurement. Comparing military spending based on PPP rather than dollar equivalence results in a very different picture. The gap in spending is not as huge as it seems.  Moreover, Russia and China only aim at defense, while the scope of the US is global, with the ability to fight two and half wars simultaneously — the European theater, the Western Pacific, and the Middle East, while holding the fort worldwide. In addition, the strategy of Russia and China is not to match the US but rather to leapfrog it technologically.Fort RussEXPERT: This is why Russia has won the arms race Dragljub Bosnic

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PPP, scope, and efficiency, e.g., exploitation of asymmetry.

Military spending can be deceptive depending on measurement. Comparing military spending based on PPP rather than dollar equivalence results in a very different picture. The gap in spending is not as huge as it seems. 

Moreover, Russia and China only aim at defense, while the scope of the US is global, with the ability to fight two and half wars simultaneously — the European theater, the Western Pacific, and the Middle East, while holding the fort worldwide. In addition, the strategy of Russia and China is not to match the US but rather to leapfrog it technologically.

Fort Russ
EXPERT: This is why Russia has won the arms race
Dragljub Bosnic

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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