3 articles
The U.S. government is becoming the owner of autonomous warfare standards. Value increasingly accrues to the integration layer: deployed interfaces, operational data, user familiarity, accreditation history, and contract position.
China’s tungsten export controls expose the limits of price-only offtakes. Equity aligns capital with construction risk, secures priority under provenance rules, and adds governance rights that make long-term supply commitments more enforceable.
When a government solicitation receives only one bid, price discovery collapses. We trace the causal chain from regulatory mandate to final award, exposing how economic rent is extracted from the taxpayer.