
Defence inflation and the erosion of military capability
Artillery ammunition prices have risen several hundred percent since 2021. Dr. Rebecca Harding on how defence inflation is eroding NATO military capability.
The clue is in the name: Liberation Day. When President Trump announced at the beginning of his speech that he was declaring the independence of the United States from the global trade system, this was not a negotiation. The rhetoric used was violent: “America has been looted, pillaged and raped by other countries.” The scale of the tariffs imposed was unprecedented —a minimum of 10% and for some, notably China, much higher.

Artillery ammunition prices have risen several hundred percent since 2021. Dr. Rebecca Harding on how defence inflation is eroding NATO military capability.

Defence spending alone has modest and short-lived effects on growth. Dr. Rebecca Harding on why the STRUCTURE of defence finance is what turns spending into sustained resilience.

South Korea’s export-oriented defence industrial base is dominated by conglomerates. Dr. Rebecca Harding on the country’s SME finance architecture.

85% of Norway’s defence firms are SMEs, yet 70% of revenues sit with just four companies. Dr. Rebecca Harding on why this concentration matters.

Sweden’s defence industrial model is highly capable but structurally constrained. Dr. Rebecca Harding examines why 380 firms sit alongside acute SME access-to-finance risk.

Germany’s defence SMEs face a systemic access-to-finance challenge that has become a strategic vulnerability. Dr. Rebecca Harding on the evidence and the mechanisms.
Contact
Services
About
Insights
Rebecca’s Bio
Terms and conditions
Privacy