Defense Economics
Geopolitics
Technology
The Attrition Trap: How $500 Drones Are Bankrupting Western Air Defense
Iran's assault on Gulf states exposes an existential defense crisis—interceptors cost 10,000x more than the threats they destroy, forcing a strategic pivot to AI-driven swarms and directed energy before stockpiles run dry.
Geopolitics
Macro
The Economics of Endurance: How Ukraine Financed Four Years of War
Four years into Russia's invasion, Ukraine's ability to sustain military operations rests on a financial architecture that redefined war finance—and exposed the limits of Western support.