Since the Ukraine war began, a growing number of U.S. officials have stressed the urgency of deterring Chinese military action against Taiwan.
While venture capital has the potential to play a more crucial role in advancing technologies of national interest, the government's current approach is not yet fully aligned or optimized for this effort. There are promising federal programs but these could be more influential in attracting private investment.
Too much ink has been spilled on defense acquisition reform over the past few decades. In fact, there have been 12 major commissions and panels on the subject since World War II. Critics have been vocal about the failures of acquisition dating to the Revolutionary War.