Wednesday, September 9, 2015

America as Superpower

The US spends more on its defense budget than the next 15 countries combined. The US Pentagon spends more than is spent on health, education, welfare, and safety by all 50 US states combined. 

In fact, the US has 5% of the world's population, but almost 50% of the world's total military expenditure. Military spending and technological superiority make the US the sole global superpower, providing geopolitical clout and expectations as to role as global policeman.  

Source: Bank of America & Merrill Lynch.