China's Military Gets More Bang for the Buck

The U.S. outspends all other countries on its military, but it gets less than its rival for the money.
Mach 2 money pit.                                           

Whenever anyone brings up the rising military power of China, Russia and other U.S. rivals, some pundit usually pops up to remind us that America is still overwhelmingly dominant both in terms of military capability and spending. The pundit will generally offer you a chart like this one, which shows American military spending dwarfing everyone else's. The message, of course, is that the U.S. outspends all its rivals, ensuring its continued military dominance.

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