The Economic Cost of the Military Industrial Complex [View article]
The defense as a percentage of GDP argument as been debunked at length many times....use Google.
The author understates the true cost of the military. There are many hidden military expenditures in other government departments. For example NASA, the Nuclear Regulatory Admin., most foreign aid is not for schools and hospitals but tanks and guns, etc.
There is also the intellectual opportunity cost of all our scientific talent going to develop weapons. Useful science and technological advancement has been retarded by decades. It has been conjectured that we will not be until the year 2025 where we would already be today if not for the siphoning away of our minds and money by the war industry.
The Economic Cost of the Military Industrial Complex [View article]
The author understates the true cost of the military. There are many hidden military expenditures in other government departments. For example NASA, the Nuclear Regulatory Admin., most foreign aid is not for schools and hospitals but tanks and guns, etc.
There is also the intellectual opportunity cost of all our scientific talent going to develop weapons. Useful science and technological advancement has been retarded by decades. It has been conjectured that we will not be until the year 2025 where we would already be today if not for the siphoning away of our minds and money by the war industry.