[QODLink]
Empire
The New Arms Race
The world has entered a new arms race, but what justifies this global military addiction?
Last Modified: 03 Nov 2010 09:23 GMT

The world has entered a new arms race at a time of relative peace, totalling $1.5 trillion, that is $217 for every person on the planet.

The Arms Race

  The New Arms Race 
 

The Asian Arms Race

  Lobbying and Economics
  The Middle East Arms Race

Over the last decade, Washington has doubled its military budget, fuelling massive military build-ups around the world, from the emerging powers in the South China Seas to the multi-billion-dollar arms deals in the Middle East, begging the question where and when this vicious cycle of rising military expenditures will end.

Aside from the strategic dimension, leaders and pundits have also advanced the economic case for their excessive spending, both in terms of supply and demand.

Apart from the extensive profits from selling arms, the military industry creates thousands of manufacturing jobs in the shadow of the latest international economic crisis and high unemployment.

However, considering that spending on the military takes away from other higher-yielding, less costly and more important sectors of the economy, Empire asks: What justifies this global military addiction, or, has the world been duped by the multi-national, military industrial complex?

Joining the discussion are Robert Kaplan from the Center for New American Security, Ellen Laipson, CEO and president at the Stimson Center, Joseph Cirincione, the president of Ploughshares Fund, and Ambassador Richard Butler, the former chief weapons inspector, Iraq.

This episode of Empire can be seen from Wednesday, October 27, 2010 at the following times GMT: Wednesday: 1900, Thursday: 1400; Friday: 0300; Saturday: 1900;

Source:
Al Jazeera
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Assam officials upset that WWII-era Stillwell Road won't be used in transnational highway linking four Asian nations.
Informal health centres are treating thousands of Syrian refugees in Turkey, easing the pressure on local hospitals.
Indonesian and Malaysian authorities are keeping a close eye on local supporters of the hard-line Middle East group.
Wastewater ponds dot the landscape in US states that produce gas; environmentalists say they’re a growing threat.
China President Xi Jinping's Mongolia visit brings accords in the areas of culture, energy, mining and infrastructure.
join our mailing list