this post was submitted on 17 Oct 2023
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[–] squaresinger@feddit.de 3 points 1 year ago (1 children)

If you don't plot defence spending against GDP but use absolute values it's higher now than ever: https://www.macrotrends.net/countries/USA/united-states/military-spending-defense-budget

Most of the fluctuations you can see in the GDP based graph are caused by GDP fluctuations, not by defence spending fluctuations.

And since the US GDP rose much more than inflation, the military also got more actual value from that defence budget. From 1960 to 2021, the cumulative inflation in the USA is 815% (+100%, since the inflation only measures increase not the value that was originally there). In the same time the GDP rose to 4564%, so 5 times faster. So if you have the same % of GDP defence spending in 1960 as you have now, the military has 5x the budget, adjusted to inflation.

China is in a similar boat, but much more extreme. China's defence spending vs GDP stayed pretty much on the same level since 1990. But in the same time their GDP rose from $361 billions to $17.7 trillions. Their GDP multiplied by a factor of 49 and so did their defence spending. Inflation over the same time was just 107% (again +100% to make our calculation correct). So adjusted for inflation, their military spending went up by a factor of 23.6.

TLDR: Your measurement measures the wrong thing, so you get the illusion that spending goes down while it actually increases quite a lot.

Still, the assertion that war expenditure trumps everything else in today's West is provably false.

I never argued that. Though it's not hard to argue that government funds are precious and could be used elsewhere to better effect.