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From Bob Baskin @ The Peace Alliance, 10/10/12...
“By defining a new industry as the ‘Violence Containment Industry,’ it is now possible to aggregate all expenditures related to the containment or consequences of violence. Our research indicates that when measured as a percentage of GDP this industry has expanded by 25% in the past ten years.”
- Steve Killelea, Executive Chairman of IEP
The Institute of Economics and Peace (IEP) recently released a new study on the costs of violence containment in the United States. As you can see, the numbers are pretty devastating.
The study is the first systematic measure to account for all violence-related expenditure in the U.S. economy. It captures government, corporate, and individual expenditures regardless of whether it is related to international affairs, such as offshore military activities, or domestic spending, for instance, dealing with crime and its consequences.
There is one element we find particularly encouraging around this report from our friends at IEP -- the articulation of a "violence containment industry." This offers a powerful framing to help articulate this industry and the great challenge violence poses, as well as aids our collective cause to make the work of peacebuidling and violence prevention a priority. We know there are far more effective ways to deal with the scourge of violence. Read the full report here.
"The study evidentiates that even small reductions in Violence Containment spending would result in a meaningful stimulation to the U.S. economy," Steve Killelea.
We are continually grateful to the Institute of Economics and Peace for their stellar research and work.
President, The Peace Alliance