Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. The world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children… This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.
— Former U.S. President, Dwight D. Eisenhower, in a speech on April 16, 1953.
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-World military expenditure in 2010 is estimated to have reached $1.63 trillion at 2010 prices; -This represents a 1.3 per cent increase in real terms over 2008 and a 50 per cent increase since 2001; -This corresponds to 2.6 per cent of world gross domestic product (GDP), or approximately $236 for each person in the world;
The USA with its massive spending budget, is the principal determinant of the current world trend, and its military expenditure now accounts for just under half of the world total, at 41% of the world total;
SIPRI has commented in the past on the increasing concentration of military expenditure, i.e. that a small number of countries spend the largest sums. This trend carries on into 2010 spending. For example,
-The 15 countries with the highest spending account for over 81% of the total; -The USA is responsible for 41 per cent of the world total, distantly followed by the China (8.2% of world share), Russia (4.1%), UK and France (both 3.6%) [Read more...]
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