Am I the only person in the world that thinks that if humanity was to spend $1.89 Trillion dollars in one year on Medical R&D we will resolve all sickness, disease, and medical issues such as Cancer, Cardio and even the FLU within a very short time?
➼ It’s the weekend and we keep seeing these touching commercials that ask us to donate money to the different medical emergencies around the world, St. Jude Hospital, Sick Kids Hospital etc. So, in one of my crazy ideas, I decided I shall do a bit of research on Public AND Government spending on two things, Money spent on “MEDICAL RESEARCH” in 2020 and money spent on “ARMNAMENT” at the same time.
➼ Global spending on weapons reached record levels last year despite the PANDEMIC. Research carried out by the think-tank The International Institute for Strategic Studies (IISS) shows that the amount spent on defence globally went up to $1.83 trillion (£1.29 trillion) a rise of almost four per cent in real terms over 2019.
➼ The US continues to have the world’s largest defence budget, with $738 billion (£522.32 billion), the UK, with $61.58 billion (£43.58 billion) is the second highest, while Russia is now third on $60.64 billion (£42.92 billion). Asian states had a 17.8 per cent share of the international weapons spending in 2010. This has risen to 25 per cent by 2020. The main driver for this was China, whose 2020 budget of $12 billion (£8.49 billion), was greater than the combined defence budget increases in all other countries in the continent.
➼ And now for something completely different as John Cleese would say……
➼ Published by Conor Stewart, Sep 22, 2020. This statistic shows the amount spent worldwide on research and development in medical technology …..
How much money is spent on medical research worldwide?
➼ In 2017, some 28.6 billion U.S. dollars were spent on R&D in total med-tech worldwide – estimated for 2020 is 32 billion.
➼ Medical technology is used for diagnosis, monitoring, or treatment of diseases or medical conditions.
➼ And so I am hopeful that all of us think the same way – we will resolve all sickness, disease, and medical issues such as Cancer, Cardio and even the FLU within a very short time to come.
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