Let's stop pretending drones and IT will rebuild Ukraine's economy

In the battle of ideas for the economic future of Ukraine, talk of a fledgling military industry and the focus on the prowess of a handful of IT contractors is a diversion. Both storylines are presented largely in the absence of international competition and economic realities. And here is why. Investing in defense businesses, as I've done for years, is notoriously "lumpy" because it relies on national governments making payments that are not always timely. Those few, vital clients are also pa

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