Infographic of the Day: The Cost of Military Spending

October 14th, 2012
in econ_news, syndication

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1 comment

  1. Paul Hanly says :

    Why do you think these things are sacrificed?

    What about the wages paid and spent, the dividends paid and spent, the taxes paid and spent (for people who don't understand how a fiat currency works)? Aren't they finding their way into all these things through the re-spending of the outflows of funds from those industries?

    If the same amounts were spent through other channels, what would be the unemployment impact on those presently employed on those in the weapons and other allied, component supplying and supporting industries?

    There would be virtually no difference in annual GDP, although the domestic infrastructure could be improved if the new military capital goods and weapons stockpiles were instead roads, railways, updated hospitals & schools, renewed bridges that are over 50 years old etc..



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