A Quote by Amartya Sen
80 percent of the export of armament in the world comes from the G8 countries. [The] United States alone exports about 50 percent of the world's armament, [for] which, of course, there has to be buyers, and the buyers are very terribly keen, very often military dictator[s] or sometimes not military dictator[s] but for military purposes. But the sellers are also promoting this trade. And two thirds of the arm exports go to developing countries. I'm in favor of putting a control on it, a ban on it.
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Most of what we know about sales comes from a world of information asymmetry, where for a very long time sellers had more information than buyers. That meant sellers could hoodwink buyers, especially if buyers did not have a lot of choices or a way to talk back.
The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets.
Of course, the UK is a significant economy that makes up a quarter of American exports to the EU, more than 50 percent of our exports in certain sectors and over 25 percent of the government procurement opportunities we have in Europe. Brexit reduces the size of the TTIP deal for the United States, and there will need to be an adjustment of expectations accordingly, but Brexit underscores the value of reaching an agreement at this critical moment in the evolution of Europe.
I always ask two questions: How many countries have military bases in the United States? And in how many countries does the United States not have military bases?
The world spends two trillion dollars a year on military, and of that two trillion the United States spends one trillion. We have a bigger military than the rest of the world put together. We have 150 foreign military bases.
The collective shortfall of the 3.08 billion people (47 percent of world population) who, in 2005, lived below $2.50 per day was $507 billion per annum, which indeed comes to about two-thirds of the present US military budget. This gives us a rough sense of how much the eradication of poverty would cost.
The United States is alone among all the countries in that it does not permit US military forces to be under any threat. Other countries are willing to have forces in peace-keeping operations where they sometimes are under threat, but the US is not willing to do that.
Senator McGovern is very sincere when he says that he will try to cut the military budget by 30%. And this is to drive a knife in the heart of Israel... Jews don't like big military budgets. But it is now an interest of the Jews to have a large and powerful military establishment in the United States... American Jews who care about the survival of the state of Israel have to say, no, we don't want to cut the military budget, it is important to keep that military budget big, so that we can defend Israel.
Currently, the United States has troops in dozens of countries and is actively fighting in Iraq, Syria, Libya, and Yemen (with the occasional drone strike in Pakistan). In addition, the United States is pledged to defend 28 countries in NATO. It is unwise to expand the monetary and military obligations of the United States given the burden of our $20 trillion debt.
Russia is really a sort of a nonentity when it comes to - the economy is the size of the state of New York. Their military budget is 5 percent of the U.S. military budget. We shouldn't even be thinking about Russia other than the fact that they're sort of putting their nose into every bit of terrible activity all over the world.
After the death of the sadistic dictator Gen. Sanni Abacha in 1998, Nigeria underwent a one-year transitional military administration headed by Gen. Abdulsalami Abubakar, who uncharacteristically bowed out precisely on the promised date for military disengagement. Did the military truly disengage, however? No.
Now it's easy for someone to set up a storefront and reach the entire world in very modest ways. So these technologies that we thought would dis-intermediate traditional sellers gave more people the tools to be sellers. It also changed the balance of power between sellers and buyers.
If politics and business fail us, of course the military will be called in. In the developing world, the massive and repeated ecological disasters are quite commonly met by the military.
There had been a free and open election in Haiti in the early 1990s and president Jean-Bertrand Aristide won, a populist priest. A few months later came the expected military coup - a very vicious military junta took over, of which the United States was passively supportive. Not openly, of course, but Haitians started to flee from the terror and were sent back and on towards Guantanamo Bay. Of course, that is against International Law. But the United States pretended that they were "economic refugees."
Economists often talk about the 80/20 Principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. In most societies, 20 percent of criminals commit 80 percent of crimes. Twenty percent of motorists cause 80 percent of all accidents. Twenty percent of beer drinkers drink 80 percent of all beer. When it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.
We've built the largest empire in the history of the world. It's been done over the last 50 years since World War II with very little military might, actually. It's only in rare instances like Iraq where the military comes in as a last resort.
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