Now I don’t know about you, but I would prefer to spend our money on education, health, action on climate change, the NBN, the NDIS, job creation – those sorts of things – than on buying weapons to help Korea’s economy.
Total world military expenditure in 2012 was over $1.75 trillion. This is equivalent to 2.5 per cent of global GDP. The US spent about $700 billion alone.
China announced a defence budget for 2014 of $132 billion, a generous increase of 12.2% on the year before. That was…
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