What will the next high-stakes military conflict look like? Because of new technologies, it will be very different from previous ones. Classically the country that wins wars spends more, invests more, and outlasts the opposition. But it is a delicate balance. Because spending on the military takes government money away from spending on social programs, and because military technologies go hand in hand with private sector technologies, the biggest military risk for the leading powers is that they lose the economic and technology wars.
