War has a huge direct financial cost, the vast majority of which is in funds spent on the preparation for war — or what’s thought of as ordinary, non-war military spending. Very roughly, the world spends $2 trillion every year on militarism, of which the United States spends about half, or $1 trillion. This U.S. spending also accounts for roughly half of the U.S. government’s discretionary budget each year and is distributed through several departments and agencies. Much of the rest of world spending is by members of NATO and other allies of the United States, although China ranks second in the world.
Wars can cost even an aggressor nation that fights wars far from its shores twise as much in indirect expenses as in direct expenditures.
The costs to the aggressor, enormous as they are, can be small in comparison to those of the nation attacked.
War Spending Drains an Economy:
It is common to think that, because many people have jobs in the war industry, spending on war and preparations for war benefits an economy. In reality, spending those same dollars on peaceful industries, on education, on infrastructure, or even on tax cuts for working people would produce more jobs and in most cases better paying jobs — with enough savings to help everyone make the transition from war work to peace work.
War Spending Increases Inequality:
Military spending diverts public funds into increasingly privatized industries through the least accountable public enterprise and one that is hugely profitable for the owners and directors of the corporations involved.
War Spending Is Unsustainable, As Is Exploitation it Facilitates:
While war impoverishes the war making nation, can it nonetheless enrich that nation more substantially by facilitating the exploitation of other nations? Not in a manner that can be sustained.
Green energy and infrastructure would surpass their advocates’ wildest fantasies if the funds now invested in war were transferred there.