Increased military investment at a time of massive global economical competition?

Hi!

As we know, in the times that we pass through the world is experiencing an intense economical competition. China is liberalising its economy and growing at a monstrous speed. EU is strengthening Euro to gain the leadership of the global economy. India is also moving forward with its well educated and English speaking workforce. The same can be said for the rest of the world.

On the other hand, US seems to spend its resources to military research, investment and war planning at a time when the other nations see military spending as a burden that needs to be avoided. My question is; are the Americans making the correct strategic decisions? With a growing national debt and strong economical competitors in the game, how will all those military spending contribute to the consolidation and maintenance of American economical superiority?

We must not also forget that with the ending of the Cold War and large supply of cheap and high quality Russian weapons, no nation seems interested in spending billions to buy the new state-or-art weapons US is currently developing.

[edit on 1-3-2005 by outlier]

no replies? c'mon guys you should have some opinion on if the military spending is justified in currnt economical conditions.

Maybe the US is worried about where it will get its cheap oil from in the near future, u know the economy would fall apart if there were to be a considerable shortfall of oil. I have no doubt that the US recognises this and will just take what it needs when the time comes, i am pretty sure this is the case.