The point about defence spending having a positive affect on the rest of the economy- in my lectures this was talked about using the concept of the multiplier effect. This is the idea that if someone, ie the state, spends £1 on something then it increases national GDP by some amount because that’s been spent at a local supplier, who then pays wages, their employees go to the local butcher, who buys from the local farmer, etc etc. The issue with defence spending is it has a comparatively poor multiplier effect vs other forms of government spending. If I spend...