For years the powerful nations and allies are spending millions on military, nuclear weapons, arms, and ammunition. Today as the coronavirus weakens the world economy, the healthcare system starves for investments. Right now the focus shouldn’t be spending money on the military but on providing good quality healthcare and education. It is time to divert military spending to invest in healthcare. One of the world’s oldest peace federations and winner of the 1910 Nobel Peace Prize, the International Peace Bureau, announced an appeal this week to “massively reduce military spending in favor of healthcare and other social and environmental needs” by world leaders.
The International Peace Bureau also sheds light on the reckless economic decisions which have resulted in the inability to invest in healthcare. In this time of an ongoing worldwide pandemic, all the healthcare systems are on the verge of crumbling due to which the frontline healthcare workers are under great pressure. Privatization, austerity policies, and the capitalist economy have caused the deterioration of local, regional, and national health services.
The ILO reports on the impacts of the labor market with a possible loss of 25 million jobs, more than before the financial crisis of 2008. Working deprivation is projected to grow exponentially, affecting up to 35 million more people. Over the next 20 years, the US expects to spend $1 trillion on new nuclear weapons. Amid such a crisis, world leaders need to place disarmament and peace at the forefront of policymaking and create a new strategy to fight coronavirus that includes healthcare investment.
The International Peace Bureau called on the world leaders to meet at the UN General Assembly in September 2020 to create a global plan, a global social contract, and global collaboration to ensure global protection for citizens.