by According to SIPRI, global military spend reached almost trillion in 2020. The top 10 countries represent roughly 75% of this figure, and have increased their spending by billion since the year prior.Here’s how the worlds top 10 military spenders compare to each other:US and US allies of the developed world, chiefly NATO and Japan, account for most of it.Why? All that firepower can't be reasonably be for defense. See below.Visual CapitalistMapped: The World’s Top Countries for Military SpendingAran AliSee alsoInternationalist 360ºAre U.S.,NATO, EU Planning Final Mopping-Up Operation in Former Soviet Union?Rick RozoffAlsoStrategic Culture Foundation‘Rules-Based Order’ Is Cover for Destructive Western Hegemonic AmbitionsEditorialAlsoRTUK Foreign Secretary Raab says Russia & China
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According to SIPRI, global military spend reached almost $2 trillion in 2020. The top 10 countries represent roughly 75% of this figure, and have increased their spending by $51 billion since the year prior.Here’s how the worlds top 10 military spenders compare to each other:
Mapped: The World’s Top Countries for Military Spending
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Well, I had originally wanted to call my book “Monetary Imperialism.” The publisher wanted to call it “Super Imperialism,” in 1972, because it was really the US moving towards a unipolar order, where it was not competing with other imperialisms; it wanted to absorb European colonialism, absorb European imperialism, and really be the single unipolar power.And of course that is what really has come about. The United States is trying to become the only dominant power in the world. And in today’s Financial Times [on May 5], one of the reporters said, it’s as if the United States wants to be the world’s absentee landlord, and rent collector. So we’re dealing with a monetary and a rentier phenomenon.
The World’s Absentee Landlord
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
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