What are the financial implications of the counterterrorism and security initiatives launched after the September 11 terrorist attacks?
Hoffman: In my opinion, this is one of the most unfortunate legacies of September 11. One sees heightened security, no matter what the level–whether it’s the federal, state or local government, private industries and businesses or ordinary commercial institutions, such as shopping malls. All of these groups are far more concerned with security now, and rightly so, than they were before September 11. But this comes at a cost. It is hard not to think of how much money could have been spent on searching for the cure for cancer, for other medical interventions, for improving any given country’s educational systems, or for other worldwide socio-economic development activities. Instead these funds are being siphoned away and spent on improved physical security measures, more guards, and new technologies because of the tragedy of September 11 and the desire to counter and obviate the threat of future tragedies. Fathom: Is there a greater role for academic institutions, think tanks and resear
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