Defence Budgets Episodes

Welcome to the latest episode of Burgernomics! Today, we delve into the harsh reality that economics, not notions of good or evil, often dictates the outcome of wars. Recent developments, including Vladimir Putin allocating a staggering one-third of Russia's economic output to defense, highlight the economic dimension of modern warfare. Key Points: Russia's Economic Commitment: Putin directs 33% of Russia's economic output to defense, amounting to $820 billion annually, 15 times more...