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Geopolitics War in Ukraine

Pacifism Is So ’80s! Why Military Budgets Are Exploding, Everywhere

Image of Chinese girls taking selfies with China's second aircraft carrier, currently called the 001A, parked in a shipyard in the port city of Dalian in Liaoning Province, China.
Taking selfies with a Chinese aircraft carrier in the port city of Dalian in Liaoning Province, China. Stephen Shaver/ZUMA

Military spending has increased dramatically worldwide, driven by war in Ukraine and Chinese-Tawian tensions. With $2.24 trillion spent globally in 2022, the amount looks likely to continue to increase.

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