X @Balaji

Military equipment will be bought at whatever price. It’s a non-negotiable spend for any regime. That’s why North Korea spends 25%+ of its GDP on the military.So it’s not totally crazy to reboot manufacturing with a military-first approach. It may work over the very long run. The issue is that those armaments need to be price-competitive abroad to win any war of attrition abroad.For example, if their drones cost $2000 and your missiles cost $2M, that can only be sustained so long as the money printer keeps ...