THE PERMANENT ARMS ECONOMY TODAY
"Starting in 2016, Russia's military budget has trended downwards," the report said. "However, due to a one-off government debt repayment of almost $11.8 billion to Russian arms producers in 2016, spending rose 7.2 percent. Without this payment, Russia military spending would have fallen by 11 percent."
The permanent arms economy originated with Sard, Oakes and Vance (1944)
and was extended by the neo Marxist economist Michel Kidron in the late sixties ...