Spain’s prime minister, Pedro Sánchez, has broken ranks with other NATO leaders as he refused to commit to spending 5 percent of GDP on defense. It’s a welcome move, and a rare voice of dissent from Europe’s rush to remilitarize.
War is a racket.
5% of GDP is an absurd number. The only thing that could come out of this is a literal arms race. Everything being dictated by principles of game-theory will destroy this planet in no time.
I never said that. What I am saying is that increasing military budgets in central europe by 300% is not in line with the threat level russia poses.
If I owned a large quantity of military-industrial stock, I would say the opposite.
Russian total military expenditure reached I$462bn in 2024, exceeding the total for Europe in USD at market exchange rates (MER) […] Estimable Russian spending in 2024 still represented the equivalent of 6.7% of GDP – more than double the levels in the years prior to its 2022 full-scale invasion of Ukraine.
yeah, those are magically adjusted for internal spending power.
the raw numbers are: Europe holds a significant edge over Russia in military spending. In 2024, EU nations collectively spent $457 billion on defense compared to Russia’s $146 billion defense budget.
the eonomic block with 10 times the gdp, 3 times the (unadjusted) military spending and 3 times the population must increase their spending to 5% - which translates to 50% of russias whole gdp in order to defend themselves.
War is a racket. 5% of GDP is an absurd number. The only thing that could come out of this is a literal arms race. Everything being dictated by principles of game-theory will destroy this planet in no time.
So defence isn’t worth investing in? Try telling that to eastern europe.
I never said that. What I am saying is that increasing military budgets in central europe by 300% is not in line with the threat level russia poses. If I owned a large quantity of military-industrial stock, I would say the opposite.
@SierpinskiDreieck@feddit.org
Your statement is outright false.
Russia’s military spending surpasses the whole of Europe’s as Putin ramps up war budget, study says
yeah, those are magically adjusted for internal spending power. the raw numbers are: Europe holds a significant edge over Russia in military spending. In 2024, EU nations collectively spent $457 billion on defense compared to Russia’s $146 billion defense budget.
https://www.atlanticcouncil.org/blogs/ukrainealert/europe-has-the-resources-to-defend-itself-and-back-ukraine-against-russia/ and the atlantic council is not a left or peace thinktank. those are nato boys.
These are the relevant numbers, and there are more investigations than this one with more or less the same conclusions.
okay. just so i get this right.
the eonomic block with 10 times the gdp, 3 times the (unadjusted) military spending and 3 times the population must increase their spending to 5% - which translates to 50% of russias whole gdp in order to defend themselves.
I will - respectfully - disregard that opinion.
e: gdp was missspelled
Nah, let them migrate to Ukraine. Let’s see how their views change when they experience the war themselves.
Well thats exactly what you’d get by not investing in defence, which is a deterrent for war.
And the only reason they decided to increase military spending is because dictator trump said so