With the number of nations trying to expand their share of the arms dealing market (US, UK, France, Russia, China, India, Israel, North Korea, Ukraine, Spain, Germany, and others) now is the best time to be an arms buyer.
A buyer's market means lower prices and higher quality weapons offered for sale. With the Gulf nations gushing with record oil export revenues, we can expect to see some spectacular arms deals in the next year or two. Saudi Arabia, Iran, and Venezuela have already announced or hinted at major contracts. But other countries with no military threats will also be making some extraordinary (and potentially threatening) arms purchases: Brunei, Algeria, Lybia, Qatar, Ecuador, Mexico, the Emirates and Oman.
This weapon proliferation may trigger arms races and military altercations. The chances of dangerous weapons falling into terrorist hands or the hands of organized crime also increases.
Since the 'civilized' democracies of the West are responsible for the preponderance of weapons proliferation, it would behoove them not to stir up hostilities around the world less these weapons end up turned against them.