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E5 - Military Tech Spending is Broken
The Merge
Investing in Southwest Airlines Is a Great Buy
The amount of government R&D spend is fairly de minimis when you compare it to the size of the capital markets. The venture capital ecosystem has about 400 billion, maybe 300 billion today, sitting in the coffers of various venture capital firms. Most of those investors are not investing in defense; they're investing in car washes and all sorts of things that institutional investors invest in. If you could encourage double the number of entry investors to actually care about national security space, you could get another four or five billion into defense R&D.
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