naked capitalism

Coffee Break: Armed Madhouse – Unicorns versus Dinosaurs (opens in new tab)

A growing chorus of Silicon Valley entrepreneurs and venture capitalists argues that the U.S. defense establishment is overdue for disruption. Defense technology unicorns promise to bring the speed, innovation, and entrepreneurial dynamism that transformed commercial markets. Yet they face a formidable obstacle: one of the most durable institutional ecosystems ever created.

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