Wednesday, June 08, 2005

World Spending on Weapons Surges

World military spending increases

And almost half of all the military spending in the world is the US's.
Led by the United States, which accounted for 47% of military expenditures, the world spent $1.035 trillion, equal to 2.6% of global gross domestic product, the Stockholm International Peace Research Institute said.

Of course, war is good business. 40 of the top 100 weapons producers are American companies.
The top 100 makers of weapons increased their combined sales by 25% from 2002 to 2003, the report said. Those companies sold weapons and arms worth $236 billion worldwide in 2003, compared with $188 billion a year earlier. The United States accounted for 63% of arms sales in 2003, the report said.

Culture of life?

I think not.

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