Skip to comments.Asia-Pacific arms spending to outstrip North America’s by ’21: analysts
Posted on 06/28/2013 1:05:16 AM PDT by TexGrill
LONDON Defense budgets in the Asia-Pacific region will overtake the U.S. and Canada combined by 2021, according to a study by respected analysts published by IHS Janes.
Weapons spending in China and regional neighbors is expected to rise 35 percent above its 2013 level to $501 billion by 2021, outstripping North America, the Balance of Trade study concluded.
Overall, the global arms trade bucked the economic downturn to increase 30 percent between 2008 and 2012, from $56.5 billion to $73.5 billion. At this rate, defense trade between countries will have more than doubled by 2020, the study said.
The U.S. remained the worlds biggest exporter of weapons last year with $28.5 billion, up from $20.1 billion four years earlier. But India was the worlds biggest importer of arms, posting a giant leap of 70 percent since 2008, from $3.1 billion to $5.3 billion.
While spending in Asia rose, it fell back in Western Europe, where exports were sharply down its 34.5 percent share of the export market in 2008 fell to 27.5 percent in 2012.
Two things are happening. Budgets are shifting east and global arms trade is increasing competition, said Paul Burton at IHS Janes. This is the biggest explosion in trade the world has ever seen.
(Excerpt) Read more at japantimes.co.jp ...
I see no reason to defend the US any longer.
Most of the gear is fighting “the last war” mentally.
Wikileaks is attacking the NSA. Lulzsec is attacking Wikileaks. Anonymous is attacking various groups.
Other groups are pushing a “Global Warming” hoax.
The Vatican just lost a Pope to a gay mafia.
The Russian crime mafia just got shaken down in Cyprus with their money getting seized.
Other stateless actors such as Al Qaeda are attacking in Syria and Afghanistan.
The whole concept of “nations” waging war misses what is going on behind closed doors of Central Banks.
You mean you’re not going to join Bathouse Barry’s Rainbow Warriors? You can enlist in the Rear Pansy Division.
Heres my view of the next war. Traditional air forces and navies will be wiped out early on; mostly by autonomous weapons. There will no longer be air superiority. Both sides will launch swarms of autonomous machines that will cover each others territory around the clock. Theyll refuel and rearm in the air. Theyll be anywhere from house-fly sized to 1959 Cadillac sized. But towards the end only the smaller more numerous vehicles will survive by virtue of being small. The same will be true of navies. For the citizens virtually all aspects of life will be affected. EMP will take out anything electronic. It will be periodic and ongoing so that by the end nothing electrical will be functional. Satellites will no longer work. No GPS, no international communications. Probably biological and chemical attacks will be common. Victory will go to the side that survives.
While your analysis is generally correct, try to contradict the bribes flowing into Congress from the heavy-engineering firms that produce tanks, aircraft carriers, and suchlike.
To see what the future holds, read William Gibson. The man is a prophet. His vision is already coming true.
“While your analysis is generally correct, try to contradict the bribes flowing into Congress from the heavy-engineering firms that produce tanks, aircraft carriers, and suchlike.”
We will continue to produce obsolete arms due to the power of their manufacturers. At the end of the Civil War Congress forced the Army to buy single shot muzzle loaded muskets which were so obsolete they were never issued. I have one in new, unused condition. The same will be true for manned aircraft and huge ships, which will be sunk in gross lots. Congress has twice authorized funding to keep open the heavy tank facility in Lima, Ohio even though the Army does not intend to continue buying heavy armor and is trying to close the facility.