The reason Europeans don’t spend a lot on defense is that they don’t see much in the way of external threats, certainly not from Russia. From Eric Margolis at lewrockwell.com:
`We are the schmucks’ thundered President Donald Trump, using a favorite New York City Yiddish term for penis. The object of Trump’s wrath at his Make America Great Again’ rally in Great Falls, Montana was the craven, stingy European members of NATO, only 16 of 22 members are on budget for their US-commanded military spending. Trump wants them to spend much more.
Trump and his fellow neocons want NATO to serve as a sort of US foreign legion in Third World wars in Africa and Asia. NATO was formed as the North Atlantic Treaty Organization to defend western Europe, not to fight in Afghanistan and who knows where else?
Equally bad, according to Trump, is that the US runs a whopping trade deficit with the European Union which is busy shipping high-end cars and fine wines to the US. The wicked foreigners don’t buy enough Amerian bourbon, corn and terribly abused pigs.
Trump is quite right that America’s NATO allies, particularly Germany and Canada, don’t spend enough on defense. Germany is reported to have less than twenty operational tanks. Canada’s armed forces appear to be smaller than the New York City police department.
But the Europeans ask, ‘defense against whom?’ The Soviet Union was a huge threat back in the Cold War when the mighty Red Army had 55,000 tanks pointed West. Today, Russia’s land and navel power has evaporated. Russia has perhaps 5,500 main battle tanks in active service and a similar number in storage, a far cry from its armored juggernaut of the Cold War.
More important, Russia’s military budget for 2018 was only $61 billion, actually down 17% from last year. That’s 4.3% of GDP. Russia is facing hard economic times. Russia has slipped to third place in military spending after the US, China and Saudi Arabia. The US and its wealthy allies account for two thirds of world military spending. In fact, the US total military budget (including for nuclear weapons and foreign wars) is about $1 trillion, 50% of total US government discretionary spending.
To continue reading: Schmucks of the World, Unite!