It is impossible to budget for the unknown. Incontrovertibly, a new “known known” has raised its ugly head. Defence spending is rising as a percentage of world GDP. A lot. Below we contextualise what “a lot” is and make some unsettling assumptions about both the sums of money involved and the strategic difficulty of re-imagining military capacity for C21. Peace dividend no more. Regrettably, grist to the mill of deglobalisation, oscillation and fiscal dominance.
Macro Insiders
Deep Dive
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