| PH |
(From The Economist 24/04/2023)
Has the Ukraine war started a new arms race? Yes, to judge by figures published on Monday by the Stockholm International Peace Research Institute, a think-tank. Global defence spending rose by 3.7% in real terms in 2022 to a record $2.24trn. It shot up by 9.2% in Russia and septupled in Ukraine. Farther west in Europe, military spending grew by 3.6% to levels unseen since the end of the cold war.
Yet the picture is fuzzy. The economic burden of armed forces, at 2.2% of GDP, remains close to its post-cold-war low. In part, the world economy has grown. Of the biggest arms spenders, America was flat and China dipped as a share of GDP. But many of the promised spending increases are yet to come. Inflation may abate. And geopolitical tension—a long war in Ukraine, and talk of a future one between America and China—will push countries to buy ever more weapons.
Categorie: Original English
Love Mia Mottley, prime minister of Barbados:
What do you need (to do) to become rich?
Being intelligent is not the answer!
You don’t have to be intelligent to become rich – Global Social Justice
Eat the rich …
On the barricades of Paris on 14 October 1793, Pierre Gaspard Chaumette, the president of the Paris Commune who himself fell to the guillotine to which he sent many others, quoted these fine words from Jean-Jacques Rousseau: ‘When the people shall have nothing more to eat, they will eat the rich’.
Thanks for reminding us, Vijay Prashad
Ongelijkheid … en waarom geen belastingen?
A decade ago, Oxfam raised the alarm at the World Economic Forum – an annual meeting of the world’s wealthy elite held in Davos, Switzerland – about extreme levels of inequality. Ever since, billionaires have doubled their wealth, growing by $2.7 BILLION a day since 2020.
Het nieuwe rapport van Oxfam, op de eerste dag van het Wereld Economisch Forum in Davos
“Remember life before March 2020? So many lives lost, learning delayed, jobs disappeared.
And yet during that time, the few hundred richest people have seen their wealth increase by $4.48 trillion. (Yes, that’s $4,480,000,000,000.00.) That’s not just luck: the wealthiest are rigging the stakes in their favor.”
(Chuck Collins, Inequality.org)