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Terence Corcoran: The ’taboo’ push to make the military a growth industry

Can a new international 'defence' bank really trigger economic gains?

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A full-page advertisement in the Financial Times last week promoted the launch of the international Defence, Security and Resilience Bank, a key component of Prime Minister Mark Carney’s multi-faceted industrial defence strategy. The headline on the ad read as follows:

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“At the NATO Summit, the founding nations launched the Defence, Security and Resilience Bank (DSRB), establishing a new multilateral financial institution dedicated to strengthening defence, security and resilience. We congratulate them on their significant milestone.”

Down at the bottom of the ad were the corporate ........

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