Rearmament is an opportunity for capital to obtain reductions in welfare and public services, at the cost of lower profitability.

Chatham House: “Politicians will have to brace themselves to reclaim money through cuts to sickness benefits, pensions and healthcare.”

Britain’s finance minister Rachel Reeves, who has been steadily cutting spending on child credits, winter payments for the aged and disability benefits, announced that the remit of the Labour government’s new National Wealth Fund would be changed to let it invest in defence.

More military spending spurs growth but can damage the ‘health’ of the capitalist accumulation process: https://thenextrecession.wordpress.com/2025/03/22/from-welfare-to-warfare-military-keynesianism/

#growth #policy #greyTransition #RearmEurope #RearmEuropePlan #rearmament #debt #money #industry #weapons #armsIndustry #Europe #EU #LoomingDefeat #defeat #EuropeanCommission #VonDerLeyen #UvDL #EuropeUkraine #UkraineSupport #foreignPolicy #allies #defense #defence #deficit #stateViolence #UK #Britain #Starmer #welfare #publicServices #economics