Mamdani Needs to Catch the Value Capture Bus
New York Democratic mayoral nominee Zohran Mamdani has drawn both praise and sneers for his free bus proposal. As detailed
According to the Stockholm International Peace Research Institute as reported in the Economist, the U.S. spent more in 2007 on its military than the 14 largest countries
. The U.S.'s $1.2 trillion in 2007 (hey, that could buy a bank bailout or two!) accounted for 45% of all global military spending. And this doesn't even account for the future expenses that will be incurred as a result of the wars in Iraq and Afghanistan.