Tag Archives: military expenditure

Why comparing militaries based on budget size is erroneous. Of course, Lockheed will argue that its ships are more than 8X better. Right.Russia Insider Russia Builds Nuclear Icebreakers the Size of WWII Battleships for $750M, Lockheed Needs $500M for Ships 8X SmallerMarko Marjanović

I would estimate that there is a certain amount of truth to this, but the author is looking at Russia through American eyes and seeing Russia replicate the US defense industry and military Keynesianism as integral to the US economy. At the same time, as the author points out, militaries and defense industries in all countries are looking to enhance their interests, which are served by larger appropriations. On the other hand, as the author also admits, the Russian military is need of...

The cost represent the use of real resources that could have been put to use constructively to address the world's problems, many of which are the result of conflict.  The social cost cannot be quantified since life is priceless. Total waste. Dumb, dumb, and dumber. World Economic ForumConflict costs the global economy $14 trillion a year Rob Smith