No more ‘peace dividend'

Yahoo

19 hours ago

One consequence of spending more on benefits is that there is less to spend elsewhere, notably on defence. The so-called 'peace dividend' that Western governments splurged after the end of the Cold War has left us vulnerable to a resurgence of precisely the sort of international tensions we are seeing now.
Money that in the past would have bolstered armed forces now goes on social programmes that political leaders are unprepared to unwind because so many voters are dependent on them. Mark Rutte, the Nato secretary general, was in London for talks with Sir Keir Starmer yesterday as part of a tour of capitals designed to get member states to commit to spending much more on defence.
In a speech at the Chatham House think-tank, he called for a 'quantum leap' in collective security just to maintain deterrence.
'Our militaries need thousands more armoured vehicles and tanks, millions more artillery shells, and we must double our enabling capabilities, such as logistics, supply, transportation and medical support,' he said.
At the weekend, Russia deployed an estimated 500 missiles and drones in attacks on Ukraine, partly in response to Kyiv's extraordinary coup in destroying Russian bombers based in Siberia last week. The huge amounts of ordnance involved are indicative of the scale of modern warfare.
Mr Rutte wants Nato members to commit about 5 per cent of national wealth to defence, though without saying by when. Yet Sir Keir could only reaffirm his Government's ambition to increase spending to 2.5 per cent of GDP, rising to 3 per cent in the next parliament if circumstances allow. But they will do so only if he can get to grips with spending in other areas.
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