Global defense stocks surge as national defense budgets expand, reflecting security realignment and improved performance expectations for defense companies amid geopolitical tensions.
#YonhapInfomax #DefenseStocks #GlobalDefenseSpending #SecurityRealignment #AerospaceAndDefenseIndex #MilitaryBudgets #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53523

.> Even arch anti-communists like Nixon and Reagan made bold gambits to reduce tensions, fearful of global annihilation. We face a similar dynamic today, facing collective catastrophe if we do not change course.

.> Here is the insane dynamic that must be changed. In recent years, both the US and China have greatly increased their #MilitaryBudgets.

.> But organizing most of our national effort around a zero-sum global confrontation with China is unlikely to change Chinese behavior and will alienate allies and partners....

.> Most importantly, it could doom our planet by making climate cooperation impossible between the world’s two largest greenhouse emitters. We need to move in a bold new direction. Recent history provides some instructive examples.

.> ... here’s a “radical” idea. Instead of spending enormous amounts of money planning for a war against each other, the US and China should come to an agreement to mutually cut their military budgets and use the savings to move aggressively to improve energy efficiency, move toward sustainable energy and end our reliance on fossil fuels. They should also provide increased support for developing countries who are suffering from the climate crisis through no fault of their own....

.> In the United States, the Inflation Reduction Act included an unprecedented $300bn in investments in clean energy and energy efficiency, which could help increase US solar energy by 500% and more than double wind energy by 2035, reducing carbon emissions by roughly 40%.

.> Other countries have also made major investments. China spent $546bn on clean energy last year and continues to manufacture and deploy more renewable energy than the rest of the world combined....

.> ... we are still falling well short of the kinds of investments needed to deal with this crisis. We are still not moving fast enough to save our planet. The latest report from the United Nation’s Intergovernmental Panel on Climate Change (IPCC) projects that without more urgent action, the world will pass the key 1.5C (2.7F) threshold by the early 2030s, risking a far deadlier future for our children and future generations. The science is clear: if the US, China, and the rest of the planet do not act with greater urgency to dramatically cut carbon emissions, our planet will face enormous and irreversible damage.

.> Now is the time for a radical rethinking of geopolitics to reflect the reality that international cooperation is not only in the best interests of all countries, but is absolutely necessary for the survival of the planet.

> Here’s a proposal that could end starvation around the globe. Never again need a human being lack the food to live. Never again need a single child or adult suffer the horrors of starvation. Hunger as a danger to anyone can be made a thing of the past. All that is required, apart from basic skills in distributing resources, is 3 percent of the military budget of #TheUnitedStates, or 1.5 percent of all the #MilitaryBudgets in the world.
https://worldbeyondwar.org/3percent
#DavidSwanson #WorldBeyondWar