Скачать или смотреть What’s Wrong with UK Defence Markets? | Prof. Keith Hartley

In this segment from Resilience State, Professor Keith Hartley explains why UK defence markets do not function like ordinary markets.

The discussion introduces defence as a public good, exploring concepts such as market failure, free riding, and the difficulty of expressing societal preferences for security. It examines why governments dominate as buyers in defence markets, how complexity and cost escalation shape procurement decisions, and why even successful programmes are hard to deliver efficiently.

Drawing on examples ranging from high-end weapon systems to cheap drones, the conversation also considers how incentives within government and the armed forces distort outcomes, and why political debates often ignore the real trade-offs involved in defence spending.

This clip is taken from Resilience State Episode 002.

Timestamps
00:00 What is Market Failure?
01:54 Defence as a Public Good
05:13 What's Going Wrong with Procurement
08:14 Why Procurement Keeps Costing So Much
12:35 Glamour vs. Resilience
14:13 Trust, Alliances, and Substitution
16:49 Guns vs Butter

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