Sunday, April 10, 2011

The Global Military-Industrial Complex Is Alive and Well

Worldwide military spending climbed in 2010 to a record $1.6 trillion.

Global military spending rose 1.3% in real terms, according to the Stockholm International Peace Research Institute.

The Unites States, with costly military operations in Afghanistan and Iraq, increased spending by 2.8 percent to $698 billion -- about six times as much as China, the second-biggest spender ahead of Britain, France and Russia, said the report.

"The United States has increased its military spending by 81 percent since 2001," SIPRI said. "At 4.8 percent of gross domestic product, U.S. military spending in 2010 represents the largest economic burden outside the Middle East," said SIPRI Military Expenditure Project chief Sam Perlo-Freeman.

1 comment:

  1. You need to reference this stuff please....