Nuclear weapons strengthen the global economy and grant diplomatic and military leverage to countries of any size that posses them. On the other hand, nuclear weapons can cause world annihilation and radioactive pollution.
The nuclear weapons industry is an international enterprise that strengthens the global economy. According to Nuclearbanks.org, there are over 100 private nuclear companies in the world, many of which some of the largest world banks invest in heavily. When countries utilize private nuclear goods and services, jobs are created and world economies are stimulated. At the same time, poorer countries with valuable nuclear reserves, such as uranium and plutonium, are vulnerable to exploitation by powerful companies.
Nuclear weapons are strong deterrents to military aggression and have an equalizing effect among nations of all sizes, since one nuclear weapon has the propensity to do great harm. Thereby, nuclear weapons reinforce a country’s military and diplomatic standing. Dominant countries are less likely to strong-arm governments that possess nuclear weapons.
The greatest disadvantage of nuclear weapons is that they can destroy life on a grand scale if countries engage in nuclear warfare. As long as nuclear weapons exist, humans live under a threat of world annihilation. Furthermore, the development of nuclear weapons is dangerous. In 1986, the Chernobyl nuclear plant in the Ukraine suffered one of the worst nuclear accidents in history. The accident affected thousands of people in nearby villages. Additionally, although means exist to control the radioactive by-products that result from nuclear weapons production, the environment is still susceptible to radioactive pollution.