CounterPunch Exclusives

CounterPunch Exclusives

The Frightful Cost of War and a Bubble Gum Card

Image by Sandip Karangiya.

In his award-winning book about World War I, the historian Paul Fussell began The Great War and Modern Memory with the words: “Every war is ironic because every war is worse than expected.”

He was all too correct. During four years of bloodshed, 1914 to 1918, at least 8.5 million combatants were killed, many more were wounded, and close to 10 million non-combatants perished. In terms of economic expenditure, the war cost between $185 billion and $200 billion, roughly equivalent to $6 trillion today.

World War II was even more devastating in terms of lost lives and economic costs, with the economic loss alone running between $4 trillion and $5 trillion in 1940 dollars. Today that would be somewhere around $104 trillion. The Vietnam War cost approximately $168 billion (in today’s dollars, $1 trillion). The Gulf War of 1990-91, though brief, ended up devouring approximately $600 billion, and the Iraq-Afghanistan Wars around $8 trillion. The cost of the current conflict in Iran is expected to exceed $1 trillion.

The Iran war raises a fundamental question peace advocates have been asking since the conclusion of World War I: shouldn’t the wealth of nations be spent improving the lives of their citizens instead of wasting it on war? What if the money allocated for military purposes was used, instead, to make college more accessible, fund health care for all, ameliorate world hunger, fund disease prevention programs, and expand education programs for all children? The costs for this present conflict are already........

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