Capital Flows as Geopolitical Instruments (warontherocks.com)

• Financial statecraft is the new frontier of national security.
• Coordinated mobilization of capital is essential for industrial resilience.
• Strategic alignment between public and private investment is required.

"This analysis argues that the control and direction of global capital flows have become the primary battleground for great-power competition. To maintain sovereign resilience, the alliance must integrate financial statecraft directly into national security frameworks, ensuring that public and private capital is effectively mobilized toward critical sectors like defense and emerging technology."