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1/24/20

Development aid versus military spending - a lopsided disaster - by RM

There is something terribly wrong when you look at these charts, in particular when you compare that to what our political and corporate executive "leaders" want you to believe, about all the good they do in promoting health, peace and prosperity around the world.

If we look at the  5 largest economies in the world, and their latest official figures, re: their military budgets this is what we see. Mind you, these "official" figures are just the top of the iceberg, governments do have a history of hiding some military expenditures in other budgets.

China :  $ 146 billion
EU:           220
India           53
Russia        69
USA         639
Total    $ 1.1  trillion

Please note that the figures above do not include the overall global expenditures, as to military spending, which was $ 1.8 trillion in 2018

 In comparison the total amount of development aid provided to countries in need (OECD figures), to military expenditures  is quite alarming.

 One thing is certain, however, politicians, corporate executives and economists should keep in mind what Abraham Lincoln once said: "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time ".  

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