this post was submitted on 10 Oct 2024
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[–] remotelove@lemmy.ca 3 points 2 months ago* (last edited 2 months ago) (2 children)

Estimated Russian army spending is between $85-$105 billion USD. (This has likely skyrocketed since that that estimate was taken as Russia has transitioned to a wartime economy.)

Chinese? ~$212-$230 billion USD.

Spending on military is better put in context of GDP, and actual spending is going to be very different than published or even estimated numbers. (It's likely much more, is what I am implying.)

I actually agree that this money is better spent on social welfare. It's a stupid situation across the board and many countries are guilty of this disparity.

For better or for worse, much of that money goes back into the overall economy of the country supplying the aid. Not all, but most. (This can get complicated due to the lifespan of specific types of munitions.)

What I am saying is that there is a ton of blame to pass around and poking at one country or another is an agenda, not a solution.

[–] cerement@slrpnk.net 15 points 2 months ago (1 children)

2022 USA military spending: $812 billion

[–] davel@lemmy.ml 15 points 2 months ago* (last edited 2 months ago)

Not counting the black budget and clandestine income from drug trafficking and such.