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I see this talking point a lot and it always irritates me. Britain has 200 H-bombs. France has about 200 H-bombs. The European half of NATO has about 1.5 million professional soldiers, several carrier squadrons, huge numbers of tanks, aircraft and submarines... They have BAE, Rheinmetall, Eurofighters. They have 450 million people! It does not matter whether they spend 2% of GDP or 3% or 1%, what matters is the actual balance of capabilities.
How does Russia threaten Europe? This isn't 1978. Russian conventional forces are outmatched and pure demography is massively against them. There's no way 140 million people conquer 450 million when tech and wealth leans vaguely towards the latter.
The only thing the Russians have that Europe does not is a much larger nuclear arsenal and large-scale munitions production. The notion that Europe is somehow leeching off the US makes zero sense. They already have broad conventional superiority. Even with higher munitions output Russia is not capable of rushing through to Warsaw, let alone Berlin and wouldn't take such risks anyway. Why would they get into a war with several nuclear powers?
The US is actually a major threat to Europe, causing retarded wars in the Middle East with damaging flow-on effects into Europe. Or their rather successful gambit to split Russia from Europe. No more cheap energy from Russia, get excited about expensive energy from America! Of course the Europeans bear much of the blame for passively sitting back and letting the US protect them from competitive energy prices and homogenous, high-trust society. Nevertheless, the US is ultimately at fault.
The US's real dependants are in the Pacific - Australia, Japan, South Korea. They actually face an industrially, demographically, militarily potent foe in China.
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