The consumer industrial complex

The war in Ukraine heralds a new future for killing machines—and that future belongs to China and Ukraine.
Ukrainian President Volodymyr Zelenskyy, left, Russian President Vladimir Putin, and Chinese President Xi Jinping. Getting creative with the defence budget is not only prudent, but it is also essential because the world has changed, writes Michael Cholod.

KYIV, UKRAINE—Open war has been raging in Ukraine for nearly four years. More than 100,000 lives have been lost along with billions of dollars of equipment. Watching the war unfold from the relative comfort of my hotel Bursa in Kyiv since August 2022, I’ve witnessed this...

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