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Fox News doc says not enough ’15 to 19′ year-olds are having kids: ‘The fertility is down’
(www.mediaite.com)
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And that’s basically it!
NATO is pushing a commitment to a minimum of 5% of GDP on defense.
Which, admittedly even the USA does not do. But in the 60s it was north of 9%.
Most of the cost of things is the embedded cost of labor. Even minerals in a lot of cases. There are a lot of deposits of pretty much everything we could be mining but aren't because of the cost.
One business may only have 25% labor costs, but the suppliers also have labor costs, and their suppliers, all the way down the line. And 25% is on the low side. Even rent has labor costs embedded.
The trouble with getting rid of all that is that other countries won't. Until we have one world order, it's not feasible to completely abolish defense.
NATO works. Russia has not dared to attack a single member. I'm writing this from a former soviet country that would've been conquered by now if we weren't a member of NATO.