
This may include adverts from us and 3rd parties based on our understanding. The group suggested that the money saved should be invested in a UN fund to combat the pandemics, climate crisis and extreme poverty. The group is led by Italian physicist Carlo Rovelli and comprises scientists and mathematicians including Sir Roger Penrose. It comes at a time when there has been an increase in the arms budgets due to the rising global tensions.
The signatories have endorsed the Peace Dividend campaign. They said that individual governments are under pressure to increase military spending because others do so. The feedback mechanism for a spiralling arms race is a colossal waste of resources that could be used far more wisely. The aim is to create a simple, concrete proposal for humankind, even though there is no realistic chance that military spending cuts will be enacted by large or medium-sized governments, or that any sums saved would be handed over to the UN and its agencies.
The total military spending was $1,981 bn, 1,496 bn last year, an increase of 2.6 percent, according to data collated by Stockholm International Peace Research Institute. The five biggest spenders were the US $778 billionn China 252 billionn India $72.9 bn Russia $61.7 bn and the UK $59.2 bn all of whom increased their budgets in 2020. Rising tensions between Russia and the west over Ukraine and between China, the US and its Pacific allies over the disputed Taiwan have contributed to rising spending. The letter's signatories warned of the dangers of arms races for humankind: the governments of all UN member states negotiate a reduction of military expenditure by 2 percent every year for five years. Other supporters of the letter include the Tibetan spiritual leader, the Dalai Lama, a past winner of the Nobel Peace Prize, as well as the biologist and Cambridge University professor Sir Venki Ramakrishnan and American molecular biologist Carol Greider. They want to allow the world s political leaders to allow half of the resources freed up by this agreement to be allocated to a global fund under UN supervision to address humanity's grave problems: pandemics, climate change and extreme poverty.
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