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Military spending is bad for the economy.

Publication: Synthesis/Regeneration
Publication Date: 01-JAN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Military spending is bad for the economy.(Surviving Climate Change)

Article Excerpt
Military spending is bad for the economy. Because it is capital-intensive, what's made in the US doesn't create very many jobs. Parts and assembly are frequently outsourced and most of the arms exported to other countries are built at least in part in those countries as part of the purchase deals.

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But a deeper and more pernicious problem is that military spending and weapons production drain the economy of its most highly...

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