According to Wikipedia, the US spends 4.8 per cent of its GDP on Defense. China spends 2 per cent on defense.
The US spends 2 per cent of the GDP on infrastructure while the Chinese spend 9 per cent of their GDP on infrastructure.
History will remember one country as builders and the other as war monkeys.
Who is the corporate elite? That would be the defense industry.
It is even more profitable than the Wall Street Banks and hedge funds.
source: http://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures
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