Alaska

The Economic Cost of the Military Industrial Complex

Absolutely it is a huge cost. What would be the cost to ours and the world economy if Russia was the strongest military power? Forget about frredom and human rights, think dollars. Or a Russia and Iran combo? If Iran could actually shut down the Hormuz strait? I submit the risk premium would be huge in dollars, and the uncertainty would subtract large amounts from the world GP (is there such a thing as a world GDP?) and the people who would suffer the most are at the margins, here and across the world. I would like to see an analysis of what we spend on military versus a scenario of if there was no US military. My theory is that we get a positive "return" on our military budget. Any Econ students out there who need a Masters or PhD thesis?