With the world (rightly so) alarmed at the 18% rise in the Chinese ‘defence budet’ to $ 45 billion, it is good to look at this in perspective. At almost $ 500 billion, the US invests almost 50% of the total spending on Miltary might on planet earth. Given the state of our planet, no one can really afford it ….
Consider this :
The US spends approx $ 2000 every year for every man, woman and child in the US on it’s Military. And that does not include the cost of the invasion of Iraq or of Afganistan.
China will now spend almost $ 45 per every one of it’s citizens anually, and
India will spend almost $ 21 for everyone of it’s people annually,
Imagine what we could do in India with $ 21 per person, or $ 21 billion. At Rs 5/day, this sum could feed every hungry child in India for a year, if not more.