By Chalmers Johnson, Le Monde diplomatique. Posted April 26, 2008.
World Total military expenditures --(2004 est) --- 1,100 bn
World Total minus the US ------------------------------500 bn
...Our excessive military expenditures did not occur over just a few short years or simply because of the Bush administration's policies....
...In its conclusions, NSC-68 asserted: "One of the most significant lessons of our World War II experience was that the American economy, when it operates at a level approaching full efficiency, can provide enormous resources for purposes other than civilian consumption while simultaneously providing a high standard of living."...
...Dated 14 April 1950 and signed by President Harry S. Truman on 30 September 1950, it laid out the basic public economic policies that the U.S. pursues to the present day...
...By 1990 the value of the weapons, equipment and factories devoted to the Department of Defense was 83% of the value of all plants and equipment in U.S. manufacturing
...Military industries crowd out the civilian economy and lead to severe economic weaknesses....
...Devotion to military Keynesianism is a form of slow economic suicide...
...Some of the damage can never be rectified. There are, however, some steps that the U.S. urgently needs to take...
...If we do these things we have a chance of squeaking by. If we don't, we face probable national insolvency and a long depression....
Yeah, the guy who wrote the Blowback Trilogy.
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