We must never sacrifice our moral ambition at the altar of operational effectiveness, and particularly not because we fear our adversaries might do the same. To do so would be to race to the bottom.

“Competition is a fundamental aspect of international relations. As states and non-state actors seek to protect and advance their own interests, they continually compete for advantage.”

The very nature of dual-use technology is such that it is naïve, if not impossible, to say that most investors are not already investing in defence.

Any advantage gained in the Great Power Competition is likely to be comparatively fleeting. Innovation is the only answer.