20th+: Budgets (Military)

00:00 - Intro (22-3-31)
00:45 - Topics of this video
01:33 - German F-35
05:37 - Defense planning announcement
07:09 - Germany's shopping list
11:36 - €100bn: Setup
13:49 - €100bn: Analysis
20:01 - Outro

The DoD is prioritizing China as the top pacing priority, as it remains the only U.S. competitor able to combine its economic, diplomatic, military, and technologic power to mount a sustained challenge to the international system. The rapid development and operational focus of the People’s Republic of China (PRC) constitutes a significant and long-term security threat to the United States and to our allies and partners. This threat is a consequence of nearly two decades of intense effort by China to modernize and reform the People’s Liberation Army (PLA) and other forces into an increasingly capable joint force able to conduct the full range of military operations across every warfighting domain.

In addition to a significant buildup and modernization of its strategic forces, the PLA is advancing its capabilities and concepts for conducting information, cyber, space, and counterspace operations. China is also mobilizing vast resources to become a global leader in emerging technologies and is leveraging those advances in support of its military modernization.

China has made clear that it expects the PLA to be a global military actor capable of securing China’s growing overseas interests and advancing other PRC objectives abroad. These changes are accompanied by aggressive and at times coercive activities that seek to expand the PRC’s military influence by forging closer ties with foreign militaries, developing overseas military bases, and expanding the PLA’s presence worldwide.

China’s robust military modernization activities have, in recent decades, sought to erode the ability of U.S. forces to project power in the region, and China has continued to accelerate the development of capabilities specifically designed to counter key U.S. strategic and operational advantages. The continued erosion of U.S. military advantages relative to China remains the most significant risk to U.S. security interests. If left unimpeded, this continued erosion could fundamentally challenge our ability to achieve U.S. defense objectives and to defend the sovereignty of our allies, the consequence of which would be to limit DoD’s ability to underpin other U.S. instruments of power.

https://comptroller.defense.gov/Budget-Materials/Budget2022/ .

Why military aid to Ukraine has a positive effect on Western economies: In the short term, the increase in military spending due to the war in Ukraine has a stimulating effect on the GDP of the Western allies’ countries. This was reported by Ukrainian media, quoting the National Bank of Ukraine’s Inflation Report (July 2023). Various factors have been mentioned in the report.

According to the report, one US dollar spent by donor governments on military needs generates $0.79-0.87 of GDP in these countries within one to two years, and the overall positive effect does not disappear even after five years.

There are several additional positive effects for nations providing military aid to Ukraine, such as the possibility of sharing military experience, more efficient allocation of defence resources, a boost for arms exporters, and increased productivity due to additional investment in research and development.

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Monday, July 27, 2020

Budgets (Military)

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