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Friday, August 05, 2011

China, Casinos and the Ark Royal

HMS Ark RoyalFor decades now, aircraft carriers have been the dominant symbols of military power and technological strength. Nations who develop them have the ability to strike their enemy from thousands of miles away, inflicting massive damage.

But these vessels also cost billions of dollars to develop and several billions more in maintenance and upgrade costs over their lifecycle. Recent reports over the curious decommissioning and sale of the Cold War era British aircraft carrier HMS Ark Royal underscore this reality.

In 2010, Britain cut military spending by 8 percent, and its older, but still capable, carriers fell to the austerity axe.

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