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Listen to a genius, kids.
(lemmy.world)
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this post was submitted on 27 May 2024
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US military spending is at an all time high, higher than the next 10 countries combined. After ending decades long occupations of multiple countries on the other side of the world, military spending is still increasing. The US is starting to face enough blowback that it's somewhat more limited in what it can get away with, but it's still pretty bad.
Not true.
https://en.wikipedia.org/wiki/List_of_countries_with_highest_military_expenditures
The difference is even smaller if you use PPP.
In order to understand this better, imagine how much a chinese soldier is paid and how much an american one is. And then do the same for literally everything. How much a chinese ship builder is paid vs how much an american one. How much a chinese engineer is paid vs how much an american.
In almost every category, the american worker will be A LOT more expensive. So a chinese ship that needs 100 people would be a lot cheaper than the american equivalent one. Obviously some of the cost doesnt differ, ie raw materials cost around the same in both countries. But wages and other factors make running a western military a lot more expensive than a chinese one.
And thats how you ended up with China having 370 warships while the US has 280. Now this number is extremely misleading, since american ships are heavier and are mostly blue water navy(while a lot of the chinese ones are green water ones) but still.
Next 9 countries, my mistake.
Or barely more than China+Russia, if you adjust for PPP(900 bil vs 700 bil).
According to some random London-based think tank, yes.
It isnt a random london based think tank, PPP is a pretty standardized economic measure. It is one of the most used concepts in economics, especially when it comes to assessing wealth and quality of life. 100k in San Franscisco is basic wage, 100k in bumfuck South Carolina is "holy shit, you are rich".
https://en.wikipedia.org/wiki/Purchasing_power_parity
The specific numbers come from a random think tank though. Notably, they only list different, substantially higher numbers for Russia and China, and not any other country. It's not a reliable source.