arming

  Military expenditure can increase officially measured output and enrich selected groups while leaving regular households with fewer goods and greater financial obligations. For an economy sheltered from the fighting, the costs are less visible than ruined cities and lost lives. They appear mostly in forgone civilian production, taxes and debt. As governments weigh military […]

  The world is rearming. Conflicts, including potential ones, are making headlines: Ukraine, Taiwan, the Middle East. Other terrible wars on the sidelines of public attention are raging with tremendous bloodshed in Eastern Congo, Sudan and Myanmar. The Trump administration wanted to end the wars in Ukraine and the Middle East, but despite considerable effort, […]