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When bombs are falling, arms industry profits are rising. As war rages in Gaza, we look at how the defence sector is both benefiting from the violence and struggling to keep up. Even before the latest flare-up, global defence spending was rising to Cold War levels – largely due to the war in Ukraine, but also due to a perceived threat from China’s growing military prowess. In 2022, military outlays rose for the eighth straight year, hitting $2.24 trillion.
Also in the programme:
- Can the villain become the hero? As the world struggles to reach its climate targets, we see what role capitalism can play in phasing out fossil fuels and reducing carbon emissions. We speak to Akshat Rathi, author of “Climate Capitalism: Winning the Global Race to Zero Emissions”.
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And we head to Kenya, where black soldier flies could be the answer to high prices, out-of-control waste and foreign dependence, at least when it comes to fertiliser. Our correspondents Olivia Bizot and Elodie Cousin tell us about this cheaper, home-grown alternative.
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