It's good to see the Pope taking a moral stand on contemporary issues such as finance, rather than war - history tells us they fail in this endeavour; I wonder why he decided that 'capitalist' moving
their cash to tax havens was a worthy cause of blame, rather than lets say international defence spending which amounts to far greater totals -
World Wide Military Expenditures
Below is a table of all defence spending estimates for all nations spending $1Bn or more. Notice that the US spend almost 10 times that of their closest rival China and more than the total combined of ALL other nations. This includes around $98Bn per yr on their nuclear arsenal. Which has cost in total a low estimate of $5.8Tn (1940-1996 -
Issue Brief: The Costs of U.S. Nuclear Weapons).
World $1100 billion 2004 est.
Rest-of-World [all but USA]$500 billion 2004 est.
United States $623 billion FY08 budget
China $65.0 billion 2004
Russia $50.0 billion
France $45.0 billion 2005
United Kingdom $42.8 billion 2005 est.
Japan $41.75 billion 2007
Germany $35.1 billion 2003
Italy $28.2 billion 2003
South Korea $21.1 billion 2003 est.
India $19.0 billion 2005 est.
Saudi Arabia $18.0 billion 2005 est.
Australia $16.9 billion 2006
Turkey $12.2 billion 2003
Brazil $9.9 billion 2005 est.
Spain $9.9 billion 2003
Canada $9.8 billion 2003
Israel $9.4 billion FY06
Netherlands $9.4 billion 2004
Taiwan $7.9 billion 2005 est.
Mexico $6.1 billion 2005 est.
Greece $5.9 billion 2004
Singapore $5.6 billion 2005
Sweden $5.5 billion 2005 est.
North Korea $5.0 billion FY02
Iran $4.3 billion 2003 est. Pakistan $4.3 billion 2005 est. Belgium $4.0 billion 2003 Norway $4.0 billion 2003 Chile $3.9 billion 2005 est. Colombia $3.5 billion 2005 Poland $3.5 billion 2002 Portugal $3.5 billion 2003 South Africa $3.5 billion 2005 est. Denmark $3.3 billion 2003 Vietnam $3.2 billion 2005 Algeria $3.0 billion 2005 est. Kuwait $3.0 billion 2005 est. [see Note 2] United Arab Emirates $2.7 billion 2005 Egypt $2.5 billion 2005 Malaysia $2.5 billion 2005 Switzerland $2.5 billion 2005 est. Morocco $2.3 billion 2005 est. Czech Republic $2.2 billion 2004 Qatar $2.2 billion 2005 Thailand $2.0 billion 2005 Angola $2.0 billion 2005 est. Finland $1.8 billion FY98/99 Argentina $1.8 billion 2005 Venezuela $1.6 billion 2005 est. Austria $1.5 billion FY01/02 Romania$1.5 billion 2005 Jordan $1.4 billion 2005 est. Indonesia $1.3 billion 2004 Iraq $1.3 billion 2005 est. Hungary $1.1 billion 2002 est. New Zealand $1.1 billion 2005 est. Bangladesh $1.0 billion 2005 est.
What is interesting, particularly as you move down the table, is how many Nations in poverty, who benefit from charitably donations (aid) manage to spend so much on defence (which means war (attack) in many of these countries).
BANGLADESH: Which way now? - NI 332 - Aid / Bangladesh: The facts
An interesting link showing who gives what, and by what percentage and who receives what.
http://www.newint.org/issue332/Images/givers.gif The US give just 0.1pc of GDP and rank 21st - maybe the Pope should take this moral crusade up. The link also provides information on 'tied aid' in which all aid is conditional on it being spent on products and service from the country providing the aid. It's true that US aid amounts to nearly $10Bn a yr (although still only 0.1pc of GDP) but a high percentage of this ends up with Egypt and Israel, rather than the poorest countries of Africa. If there is criticism that I may be focusing on the US I will explain - firstly, they are clearly the worst offenders and secondly, blame google - a American company that seem to highlight the US more than any other nation. Apologies if this rant (of sorts) isn't clear - I threw it together in a hurry!!
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