The Shame of Nations: A New Record is Set for Spending on War

by Lawrence Wittner, CommonDreams.org, April 23, 2012

 

On April 17, 2012, as millions of Americans were filing their income tax returns, the highly-respected Stockholm International Peace Research Institute (SIPRI) released its latest study of world military spending. In case Americans were wondering where most of their tax money — and the tax money of other nations — went in the previous year, the answer from SIPRI was clear: to war and preparations for war.


(Image: File)

World military spending reached a record $1,738 billion in 2011 — an increase of $138 billion over the previous year. The United States accounted for 41 percent of that, or $711 billion.

Some news reports have emphasized that, from the standpoint of reducing reliance on armed might, this actually represents progress. After all, the increase in “real” global military spending — that is, expenditures after corrections for inflation and exchange rates — was only 0.3 percent. And this contrasts with substantially larger increases in the preceding thirteen years.

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