World’s resources wasted on militarism

This video says about itself:

11 August 2014

Top 5 War Profiteering Companies. War is business, now more than ever. This list has the 5 companies in it that most profiteer from all the wars in the world today.

5. General Dynamics, America: $20.94 billion

This list was compiled by the Stockholm International Peace Research Institute. General Dynamics pockets over 20 billion a year. This Virginia based company can trace its history back to the Holland Torpedo Boat Company, which made American’s first submarine boat back in 1900. The modern business is split into four sections: Marine Systems, Combat Systems, Information Systems and Technology, and Aerospace.

4. Raytheon, America : $22.5 billion

Raytheon is the world’s largest producer of guided missiles. The various names of the company’s missiles (Patriot, Tomahawk, and Javelin) are familiar among the masses in the gaming and action film worlds. They also produced the controversial Rapid Information Overlay Technology (RIOT) system which harvests data from social media sites in order to track individuals.

3. BAE Systems, England : $26.85 billion

British Aerospace Marconi Electronic Systems is one of a few non-American companies on this list, and it’s a result of a 1999 £7.7bn merger of several predecessor companies which include the makers of the Harrier Jump Jet (the world’s first Vertical Take Off and Landing Aircraft), the comet (the world’s first commercial jet), and Concorde. The company is the producer of the Typhoon and Tornado Jets, which are used by the British RAF in their front-line defence of British airspace.

2. Boeing, America: $27.61 billion

In 2013, Boeing took $86.6bn in sales – around a third of which was arms sales. The sections primarily responsible for these arms sales is made up of the former “Military Aircraft and Missile Systems” and “Space and Communications” divisions. The company makes use of its aerospace expertise in its production of bombers, fighter aircraft, and UAVs.

1. Lockheed Martin, America: $36 billion

In 2012 Lockheed Martin made just under $4 billion profit(!). the majority of which comes from the American government (in 2009 it received just over 7% of all of the funds from the Pentagon). The enormous company employs 120,000 of the world’s brightest scientists, engineers, and lobbyists. The company is responsible for the world’s most advanced tactical fighter jet, the F-22 Raptor.

By Evan Blake:

Global economic impact of violence reached $14.3 trillion in 2014

23 June 2015

The economic impact of violence on the global economy in 2014 measured a staggering $14.3 trillion, or 13.4 percent of world gross domestic product (GDP), equivalent to the combined economic output of Brazil, Canada, France, Germany, Spain and the United Kingdom.

This represents a spending increase of $1.9 trillion, or 15.3 percent, since 2008, according to the annual Global Peace Index (GPI) report, compiled by the Institute for Economics and Peace (IEP) think tank. The report defines the economic impact of violence as the “flow on effects on the world economy and the opportunity cost due to the misallocation of resources into non-productive areas associated with violence.”

Most of the total expenditure stems from deaths and displacement due to internal conflict, military spending, GDP losses from conflict, increasing homicide and violent crime rates, and spending on internal security officers, including police.

In total, more than $3 trillion was poured into military spending in 2014, with the US accounting for over $1.3 trillion alone. The study found that expenses related to the military, internal police forces and homicides combined to have the highest impact on costs, accounting for 68.3 percent of the total.

The costs needed to support refugees and internally displaced people have increased by 267 percent since 2008, to $128 billion, as the total number of displaced people reached 59.5 million in 2014, the highest level since World War II. Still, UN peacekeeping costs account for less than 0.17 percent of total violence containment expenditure.

The three most prominent targets of American imperialism in the recent period, Syria, Afghanistan and Iraq, have seen a substantial portion of their resources squandered on war. The US-stoked civil war in Syria, which has ravaged the country for four years, is estimated to have absorbed 42 percent of the country’s GDP in 2014, while Afghanistan spent 31 percent of its GDP on military and police expenditures, and Iraq spent 30 percent in 2014.

The GPI report ranks the nations of the world according to their “level of peacefulness,” based on 23 different qualitative and quantitative measurements from 162 states, covering 99.6 percent of the world’s population. Since the first report in 2008, the divide between the most and least “peaceful” countries and regions has steadily deepened, as US-led imperialism has plunged large parts of the world into deepening violence.

Syria again ranked on these terms as the least peaceful country in the world, while Libya experienced the most severe decline, according to the ranking system. Ukraine saw the second biggest decline, due to the eruption of fighting between pro-Russian separatist forces and NATO-backed fascist militias in east Ukraine.

The Middle East and North Africa region saw the most marked decline in average rankings, while Europe as a whole continued to see increases in peacefulness, as Iceland was again ranked the most peaceful, followed by Denmark, Austria, New Zealand, Switzerland, Finland, Canada, Japan, Australia and the Czech Republic.

The US was ranked at 94th place, between Peru and Saudi Arabia. Syria, Iraq, Afghanistan, South Sudan and Central African Republic, in that order, were the bottom five countries in the index.

Significantly, the report found that deaths caused by terrorism increased by 61 percent from 2012-13 and have more than doubled since 2008, resulting in 17,958 people being killed in terrorist attacks in 2013. Of those deaths, 82 percent occurred in just five countries: Iraq, Afghanistan, Pakistan, Nigeria and Syria.

These figures once again expose the essential truth that the so-called War on Terror has in fact empowered terrorist organizations in those countries that have been targeted by American imperialism. Despite the constant invocation of “national security” as the centerpiece of the war, the vast majority of terrorist attacks take place outside the advanced capitalist countries.

While much of the data compiled in the report is useful in portraying the immense scale of the costs of imperialist war and internal political repression, the GPI rankings system is flawed and the authors themselves present a rose-tinted view of the current geopolitical situation. At one point, the report declares that, “Over the last sixty years, the world has become more peaceful. There has been a marked and consistent downturn in levels of violence and conflict since the end of the Second World War.”

Later, however, the report notes that the intensity of military conflict has increased dramatically in recent years, with 180,000 people killed in 2014 alone, a nearly fourfold increase from 49,000 in 2010. However, it glosses over the present threat of a major conflict between nuclear-armed powers and covers up of the machinations of the US-led imperialist order, effectively playing into the hands of the forces spearheading the drive to war.

Regarding the potential for such a global conflict arising from the ongoing disputes in the South China Sea, which are being driven through the US “pivot to Asia” directed against China, the authors write: “Although the likelihood of further military skirmishes in the disputed waters is high, a large-scale military engagement remains unlikely.”

In their overview of the crisis in Ukraine, the line of the US State Department comes through clearly …

There is no mention whatsoever of the role played by the US, which backed far-right nationalist and outright fascistic organizations such as Svoboda and the Right Sector to overthrow Yanukovych, and hand-picked the emergent government with puppets like Prime Minister Arseniy Yatsenyuk and billionaire oligarch President Petro Poroshenko.

Above all, the worldwide escalation in military spending and domestic policing indicate the advanced stage of the buildup to a new world war involving the major imperialist powers.

8 thoughts on “World’s resources wasted on militarism

  1. Difficult to know the exact figure of military expenditure, from what I cab see of stats it is two and half million dollars per minute, estimating the damage at also two and half million dollars per minute, and the cost of migration and disharmony and production of people must be who knows? the same? the equation I would like to point out is the people who make decisions of war and on this mass destruction are in the main well educated humans? such as politicians, military elite, financiers, scientists and think tanks, I suggest this elite are suffering from a condition of a type of insanity that makes perfect sense to continue this culture, all the same it says little for the well educated that has woven within its studies a peculiar lack and a impoverished condition, of spiritual aspirations.


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