Third China Shock exposing US’s broken defense economics

In the opening months of 2026, a fierce, 40-day conflagration between Iran, the United States and Israel upended decades of received wisdom regarding military power. The conflict did not hinge on the stealth of an F-35 fighter or the sophistication of an Aegis radar array. Instead, it was defined by the relentless hum of cheap […] The post Third China Shock exposing US’s broken defense economics appeared first on Asia Times.