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Plus, that $14 Trillion was invested in US companies, granted military leaning ones but still the money was put back in our economy. And USA sold and will sell a lot of weapons because of that R & D
[1] http://www.slate.com/articles/arts/go_east_young_man/2005/03...
[2] https://pagetwo.completecolorado.com/2016/05/31/otoole-takin...
So is the 178 billion china has spent this year which is also growing faster than the US [0] also wasted then? [0]: https://en.wikipedia.org/wiki/People%27s_Liberation_Army#Mil...
See the wikipedia page on military expenditures for budget estimates and their sources https://en.wikipedia.org/wiki/List_of_countries_by_military_...
When there is a dialectic presented, resist the temptation to choose a polarity and look for the synthesis instead.
Much of the defense spending has been largely a jobs program that employs thousands of people
Much of the defense spending has been largely a jobs program that employs thousands of people
More accurately, it's been a subsidy to the capitalists controlling particular corporations, with strategic distribution of jobs among Congressional districts as political cover (or hostages, depending on how you look at it.)
Earlier quoted context omitted.
Anyone from the US who has flown overseas to modern, industrialized countries in the past decades will note the aging look of the US. Given overall industrial and cultural trends, why wouldn't everyone just keep building new stuff every 15 years? This would certainly fit the Chinese regime's policy of increasing GDP. (We'll have to crack the problem of carbon neutral concrete sometime.)
"Anyone from the US who has flown overseas to modern, industrialized countries in the past decades will note the aging look of the US" True. Whenever I get visitors from Germany they always comment on how run down a lot of parts of the US look.
OK, Jack Ma, what if USA wasn't strong enough to be feared by others? What would we have? War. Pax Americana is probably a great investment, others might want to be thankful (up to a point) as peace has lifted all boats. Plus, that $14 Trillion was invested in US companies, granted military leaning ones but still the money was put back in our economy. And USA sold and will sell a lot of weapons because of that R & D