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	an article by		DISCUSSION Question(s) related to this article: Can we abolish all nuclear weapons?, * * * * * LATEST READER COMMENT: 'THE WORLD IS OVER-ARMED AND PEACE IS UNDER-FUNDED' 30 August 2012 — The following opinion piece by Secretary-General BAN Ki-moon has appeared in leading newspapers in Argentina, Bangladesh, Burundi, China, Germany, India, Iran, Italy, Japan, Lebanon, Malaysia, The Philippines, Republic of Korea, Russia, Serbia, Turkey, Ukraine and European weekly publications and has been translated into 10 languages. Last month, competing interests prevented agreement on a much-needed treaty that would have reduced the appalling human cost of the poorly regulated international arms trade. Meanwhile, nuclear disarmament efforts remain stalled, despite strong and growing global popular sentiment in support of this cause. The failure of these negotiations and this month's anniversaries of the atomic bombings at Hiroshima and Nagasaki provide a good opportunity to explore what has gone wrong, why disarmament and arms control have proven so difficult to achieve, and how the world community can get back on track towards these vitally important goals. Many defence establishments now recognize that security means far more than protecting borders. Grave security concerns can arise as a result of demographic trends, chronic poverty, economic inequality, environmental degradation, pandemic diseases, organized crime, repressive governance and other developments no state can control alone. Arms can't address such concerns. Yet there has been a troubling lag between recognizing these new security challenges, and launching new policies to address them. National budget priorities still tend to reflect the old paradigms. Massive military spending and new investments in modernizing nuclear weapons have left the world over-armed -- and peace under-funded. Last year, global military spending reportedly exceeded $1.7 trillion – more than $4.6 billion a day, which alone is almost twice the UN's budget for an entire year. This largesse includes billions more for modernizing nuclear arsenals decades into the future. This level of military spending is hard to explain in a post-Cold War world and amidst a global financial crisis. Economists would call this an "opportunity cost". . ...more.
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