The global economy is shifting away from efficiency and toward resilience. Private optimisation is giving way to state-led survival logic.
This sleeve documents that transition.
It observes the emergence of a fiscal–military environment in which governments increasingly determine demand, rearmament sustains industrial activity, and hard assets regain strategic relevance.
The focus is the pre-conflict phase. A period characterised by scarcity, mobilisation, and structural inflation, where stability ceases to be the baseline assumption.
Capital responds accordingly.
Energy.
Metals.
Logistics.
Defence.
These are not allocations.
They are the systems endurance depends on.
The storm is not anticipated.
It is present.