Americans in 1996: “Reagan tricked the USSR into spending too much on the military, causing it to fail. At 4.6% of GDP they cracked like an egg.”
Russia in 2026: “10% of our GDP is military spending and this is fine.”
:-|
Incidentally, the US is spending 3.4% if you squint and don’t ask what all that AI spending is going towards.
the US
Well. Wealth inequality is one of the root causes of fascism. The oligarchs are getting closer and closer to breaking everything. So we might crack like an egg in another few years. Especially after Trump in particular but Republicans in general squandered a lot of good will from around the world that frankly we probably no longer mostly deserved anyway (thanks to fascism).
But anyway.
War economy. They’re really going all in on this. They will make it existential by default.
Lots of excedent in the pension funds…
