Not All Bad News

BAE SystemsOn the day when BAE Systems announce losses of nearly 3000 jobs, whilst it is the worst of news for those employees, for humanity, there is also a glimmer of hope. The reason for those losses is that the UK government, along with many others around the world, are cutting back their spending on ‘defence’.

Obviously, sympathy goes out to the families of the people who find themselves suddenly out of work, but we have to be happy at the underlying reason. The less money that is spent on military hardware, the more money is available to spend on productive, constructive schemes to help those in our society who need it.

Not only that, but if countries are less well armed, potentially the less likely they are to wage war against their neighbours. And a more peaceful world can never be a bad thing, can it. Just imagine if the $3.6 billion, that the US are spending on the Afghanistan campaign, was pumped back into the US economy.

So on a personal basis, this is bad news for those skilled workers from BAE Systems, but on a global level, it’s the best of news, even if the peace is coming at such a high price for the world economy.

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