The end of an era of peace: America's defense industry is still dormant, says The Economist
The global landscape is changing dramatically as authoritarian regimes rise and tensions escalate around the world. Despite these alarming trends, the US defense industry remains underfunded and unresponsive, as highlighted in a recent article in The Economist . The global threat landscape In recent years, the revival of dictatorial governments and the increase in geopolitical conflicts have marked the end of a long era of relative peace. From the aggressive stance of states like North Korea and Russia to China's expansionist policies, the world is witnessing a significant increase in militarization and conflict. The state of the American defense industry Contrary to what might be expected given the rise in global threats, the US defense industry has not experienced a corresponding surge in activity or funding. For the past several decades, American defense manufacturers have struggled with chronic underfunding. Lack of financial support has resulted in many companies not being abl