A Geek With Guns

Chronicling the depravities of the State.

War is Good for Business

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War is good for business. At least if you’re on the waging side. It’s probably not so good for those on the invaded side. But who can bring themselves to care about them when we’re talking about numbers like this:

BOSTON, Sept. 26, 2017 /PRNewswire/ — Force modernization will be one of the primary factors underpinning growth in global defense spending, driven by unprecedented developments in autonomous systems, missile, space and cyber-electronic warfare, and other technologies. Strategy Analytics: The Strategy Analytics Advanced Defense Systems (ADS) service report, “Global Defense Spending Outlook 2016-2026,” forecasts the global defense budget will grow to $2.41 trillion in 2026, with the opportunities available to industry growing at a CAGR of 3.5% to reach $771 billion.

Force modernization, if it follows in the footsteps of the F-35, will involve a great deal of money. However, there will be little to show for that money. The F-35, for example, still has problems reliably delivering oxygen to pilots even though it has cost over $1 trillion. Imagine the same thing happening with other military equipment. If we look at the raw numbers alone, it’ll be amazing economic growth!

Unfortunately, all of the resources invested in “force modernization” cannot be allocated to productive uses like new manufacturing plants, office buildings, and research and development for new consumer products.

Written by Christopher Burg

September 27th, 2017 at 10:30 am