1. COVID IMPACT

Do we still need a $732B military budget?

One of the least expected impacts of Coronavirus is the scrutiny of the military budget. Indeed, what is the need for immense military investments in state of the art hardware equipment? Clearly, a graph from Statista highlights an unprecedented level of military spending in the world, with the US leading.

Statistic: The 15 countries with the highest military spending worldwide in 2019 (in billion U.S. dollars) | Statista
Find more statistics at Statista

Yet, no military equipment was effective against the virus. Despite our superior military budget. Actually, the level of economic destruction within a relatively short period of time is incredible. Even though, our infrastructures were not affected. Nonetheless, some industries such as commercial real estate are on the edge. Still, the human toll is outrageous.

See graph from CDC

This brings us to a new reality where Biotechnology is the new nuclear weapon and virus the new missiles. In the latter case, it is much harder to see them coming.

Today, reality should trigger at the highest level of government administrations at least a deep reflection of the new threats in the like of cyber weapons and bioweapons.

To be true, I am not saying we don’t need any to keep modernizing our military to keep our borders and citizens safe. I am just trying to open up a fundamental reflection of the impact of our military capability should something as this happens again in the future.

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