According to the Stockholm International Peace Research Institute as reported in the Economist, the U.S. spent more in 2007 on its military than the 14 largest countries combined. The U.S.’s $1.2 trillion in 2007 (hey, that could buy a bank bailout or two!) accounted for 45% of all global military spending. And this doesn’t even account for the future expenses that will be incurred as a result of the wars in Iraq and Afghanistan.
- New Issue! May 17, 2015
- Monday Links: Rihanna, Baltimore, Jean Tirole, Private Equity May 5, 2015
- Thursday Links: Buffett, Chicago/Illinois, Atlanta Teachers April 9, 2015
- Siding with Wall Street’s “Winners” March 27, 2015
- Macroeconomics in the Age of Climate Change March 23, 2015
at a 30% discount.
TagsAbby Scher Adidas Alejandro Reuss austerity Bill Barclay Bill Black Cambridge Controversy climate change co-ops CPEG Darwin BondGraham David Brooks David Cay Johnston Doug Henwood eurozone Fiscal Cliff Gaza Greece homelessness inequality interest rate swaps Israel James K. Galbraith Jason Stanley libor Lynn Parramore May Day Michael Hudson Mike-Frank Epitropoulos neoclassical economics Paul Krugman Phil Gasper recovery Robert Solow Ron Baiman Sarah Blaskey Steven Pressman sweatshops Syriza taxes Thomas Piketty ultra-right William K. Black Yanis Varoufakis Yves Smith