Currently viewing the tag: "arms trade"

But a billion here and there adds up, with the F35 program cost ballooning from $219 billion (1997) to $395 billion (2012) and counting. Even after the Pentagon finally strong-armed Lockheed into serious cost control a few years ago, and significantly cut the number of planes it will buy, the total lifetime cost of the F35 looks to be, optimistically, $1.02 trillion.

All of the figures in the previous paragraph are so enormous that they cease to have any real meaning – they’re unimaginable. To bring them down to earth, the World Peace Foundation decided to have a concrete look at what else that money could have bought:

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The past two decades have witnessed a very large amount of civil society activity on the arms trade. By far, the greatest share has been technocratic in nature. By that, I mean a process by which: the trade is conceptually split into its component parts; areas ‘ripe’ for progress identified; agreements on such areas negotiated [...]

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After more than a decade of efforts to regulate the global trade and trafficking of small arms and light weapons, there is evidence that transfers of arms and ammunition are actually on the rise. Over the past decade there has been an expansion in both the scale and spread of arms dealing. The Small [...]

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New Tanks for Old

On April 3, 2012 By

Time and again, from Washington, DC to London, from Baghdad to Pretoria, corruption accompanies armaments contracts. It has been this way for decades.

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