Episode 40: Rearmament: Growth Engine or Costly Illusion
Factories that used to manufacture trains or steel are now being used by the arms industry. Companies such as Rheinmetall, Thales and Leonardo are offering workers new jobs. Consulting firms promise an economic boost thanks to investments in rearmament. However, economist Nan Tian of SIPRI is sceptical. From an economic perspective, he argues against these investments. They would be better spent on infrastructure, healthcare or education.
Matteo Bracciali, vice-president of ACLI (the Christian Association of Italian Workers), also criticises the EU's approach to spending. He suggests a unified European army and much less money for military purposes. According to Bracciali...