MARK BLYTH and DANIEL DRISCOLL
The great Austrian economist Joseph Schumpeter argued that you could spot a fundamental economic transition by the arrival of new types of goods, new production methods, and new forms of industrial organization. The spread of cheap drones, phones, and solar checks all of these boxes.
PROVIDENCE/CHARLOTTESVILLE – News media tend to focus on the world’s major powers, because they command more resources by dint of their relatively larger economies, militaries, and energy endowments. But there are costs to such dominance. For example, a single American Gerald R. Ford-class aircraft carrier costs $13 billion, while the F-35 fighter jet costs around $100 million. So, if you can build your military equipment for less than your opponent, you can gain a strategic advantage.
No comments:
Post a Comment