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    Missiles

    'The Abyss Is Beckoning': Global Nuke Spending Surged to $2,898 a Second in 2023

    Two new reports detail how the world's nine nuclear-armed countries are spending aggressively to modernize and deploy weapons that pose an existential threat to civilization.

    Jake Johnson
    Jun 17, 2024

    A pair of reports published Monday show that global spending on nuclear arms surged to nearly $3,000 a second last year as nations expanded and modernized their potentially civilization-destroying arsenals of atomic weaponry.

    The United States, the first and only country to ever use an atomic weapon in war, spent $51.5 billion on its vast nuclear arsenal in 2023—more than every other nuclear-armed country combined, according to an analysis by the Nobel Peace Prize-winning International Campaign to Abolish Nuclear Weapons (ICAN). The U.S. also accounted for 80% of the $10.7 billion global increase in spending last year compared to 2022.

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    nuclear weapons
    Israeli tanks

    Led by US, Global Military Spending Surged to Record $2.4 Trillion Last Year

    "Can we get some healthcare please, or maybe feed some of the 40 million+ Americans who can't get enough food?" asked the watchdog group Public Citizen.

    Jake Johnson
    Apr 22, 2024

    New research published Monday shows that global military spending increased in 2023 for the ninth consecutive year, surging to $2.4 trillion as Russia's assault on Ukraine and Israel's war on the Gaza Strip helped push war-related outlays to an all-time high.

    The Stockholm International Peace Research Institute (SIPRI) recorded military spending increases in every geographical region it examined last year, from Europe to Oceania to the Middle East. Last year's global increase of 6.8% was the largest since 2009, SIPRI said.

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    military spending
    Israeli army self-propelled artillery howitzers

    Weapons Makers Profit From Carnage, Not Defense of Democracy

    Praising the U.S. arms industry as the “arsenal of democracy” obscures the numerous ways it undermines our security and wastes our tax dollars.

    William Hartung
    Nov 13, 2023

    The New York Times headline said it all: “Middle East War Adds to Surge in International Arms Sales.” The conflicts in Gaza, Ukraine, and beyond may be causing immense and unconscionable human suffering, but they are also boosting the bottom lines of the world’s arms manufacturers. There was a time when such weapons sales at least sparked talk of “the merchants of death” or of “war profiteers.” Now, however, is distinctly not that time, given the treatment of the industry by the mainstream media and the Washington establishment, as well as the nature of current conflicts. Mind you, the American arms industry already dominates the international market in a staggering fashion, controlling 45% of all such sales globally, a gap only likely to grow more extreme in the rush to further arm allies in Europe and the Middle East in the context of the ongoing wars in those regions.

    In his nationally televised address about the Israel-Hamas and Russia-Ukraine wars, President Biden described the American arms industry in remarkably glowing terms, noting that, “just as in World War II, today patriotic American workers are building the arsenal of democracy and serving the cause of freedom.” From a political and messaging perspective, the president cleverly focused on the workers involved in producing such weaponry rather than the giant corporations that profit from arming Israel, Ukraine, and other nations at war. But profit they do and, even more strikingly, much of the revenues that flow to those firms is pocketed as staggering executive salaries and stock buybacks that only boost shareholder earnings further.

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    Opinion
    arms sales

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