Buoyed by promises of a massive U.S. military buildup, arms industry stocks have skyrocketed since the 2016 presidential election. The proposed increases in defense spending have been sold to the American public as a win-win policy: more military spending not only benefits national security, but will help drive economic growth and job creation.
Indefensible: Seven Myths that Sustain the Global Arms Trade, a book and web project of the World Peace Foundation at Tufts, critically examines the U.S. and global arms industry, in particular the public corruption it so often engenders at home and abroad. Far from protecting the United States or driving job creation, Indefensible finds that poorly overseen and bloated military spending actually undermines security and stifles economic growth.
Please join the World Peace Foundation, Open Society Foundations, and the Forum on the Arms Trade for a panel discussion on the risks and tradeoffs of President Trump’s proposed military buildup and budget shift away from international assistance and foreign aid—not just for American democracy but also for the U.S. economy and national security.
- Bridget Conley is research director of World Peace Foundation and Assistant Research Professor at the Fletcher School of Law and Diplomacy.
- Sarah Chayes is senior fellow of the Democracy and Rule of Law Program at the Carnegie Endowment for International Peace.
- William Hartung is director of the Arms and Security Project at the Center for International Policy.
- Mark Thompson is national security analyst of the Project on Government Oversight.