Note that perverse incentives come from all arms selling, not only if it’s major.
You will now only give significant support to those countries which need it the least (rich ones), need to engage in predatory economics or outright imperialism to efficiently manufacture arms (else you’ll strip your own resources and may not have enough to defend yourself), passively (if not actively) encourage those who buy from you to engage in more war (as they will know they can acquire more weapons if needed), and create a reputation for yourself as responsible for global violence (people will notice it is your weapons being used to exterminate their loved ones, and that you did it for money).
There is never a net benefit to making death into a market.
Note that perverse incentives come from all arms selling, not only if it’s major.
You will now only give significant support to those countries which need it the least (rich ones), need to engage in predatory economics or outright imperialism to efficiently manufacture arms (else you’ll strip your own resources and may not have enough to defend yourself), passively (if not actively) encourage those who buy from you to engage in more war (as they will know they can acquire more weapons if needed), and create a reputation for yourself as responsible for global violence (people will notice it is your weapons being used to exterminate their loved ones, and that you did it for money).
There is never a net benefit to making death into a market.