Budget: a vision of a fraught and fragile world

Beneath the deeply domestic dimensions of any annual budget lies Canberra’s view of the world. The fiscal flashlight of spending and saving (and now subsidising) naturally catches the eye of every Australian taxpayer. Those taxpayers …

Defence industry and the illusion of control

A well-worn yarn in defence industry circles is the tale of the apocalyptic Last Supper of 1993. Then-US defense secretary Les Aspin called chief executives from the major prime contractors to a secret dinner at …