Dear MEL
Topic Readers,
China to
raise 2017 defense budget by around 7 pct: Spokesperson
Another rise
in military spending by a superpower. Within a week after the US announced a
10% increase in military budget, China committed to add seven percent more
money to its People’s Liberation Army. Both increases exceed their respective
economic growth forecasts, meaning they’ve set a higher priority on their
defense budget than other issues such as welfare, education or environment.
Except during
a war, money spent on military mainly flourishes defense industry, and rarely
bring back tangible returns to their people. Security, defense and national
interests are common rationales for such spending. Is there winner, if any, in
this race?
Enjoy reading
and thinking what the world would be like if more money is spent on education than
military.
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