Why Markets Can't Defend a Nation

If the existence of states is fundamentally incompatible with markets, markets will ultimately prevail at the expense of the world order.

Conversely, everything incompatible with markets eventually yields to them. We have almost never clawed back a public sector from marketization[1].

The trajectory of world order is toward a patchwork of states under corporate control. That model accommodates marketized defense - a new equilibrium in the political landscape.

1. With rare exceptions: UK rail, water in Paris, remunicipalization of some utilities, some NHS services, and some prisons.