$2.16 trillionor $15,000per taxpayer spent on preventing or dealing with violence
- Violence-related expenditures four times greater than the
Department of Defensebudget
- If Violence Containment was classified as an industry, would be the largest in the U.S.
- Economic value of containing violence in the U.S. equal to the entire GDP of the
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On the eve of the International Day of Peace, the
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 expenditure 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.
"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," stated
The report shows that if the
The study accounts for all expenditure that is related to violence, such as medical expenses, incarceration, police, the military, insurance, homeland security, and the private security industry. Expenditure is also divided by local (
A 5% reduction in Violence Containment spending for 5 years would provide
"The study clearly demonstrates that even small reductions in violence and the spending associated with it would result in a meaningful stimulation to the U.S. economy," concluded
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