The United States, as the near-unanimous vote to provide nearly $40 billion in aid to Ukraine illustrates, is trapped in the death spiral of unchecked militarism.
The permanent war economy, implanted since the end of World War II, has destroyed the private economy, bankrupted the nation, and squandered trillions of dollars of taxpayer money. The monopolization of capital by the military has driven the US debt to $30 trillion, $6 trillion more than the US GDP of $24 trillion.
Servicing this debt costs $300 billion a year. We spent more on the military, $813 billion for fiscal year 2023, than the next nine countries, including China and Russia, combined. We are paying a heavy social, political and economic cost for our militarism.