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   Ravi Nayyar (ravirockks@infosec.exchange)'s status on Monday, 24-Mar-2025 09:31:10 JST Ravi Nayyar

   'Lizzie Jones of Supacat, which manufactures military vehicles used by special forces and infantry [said] ... "We have absolutely felt the disinterest from banks to invest in the defence industry, which has been really hard to deal with over the last few years".

   'The ESG agenda was really impacting small to medium enterprises where no banking was effectively taking place, and individuals couldn't go get a bank account because they were in the defence sector.

   'The Financial Conduct Authority said last month that its ESG reporting rules contain nothing "that prevents investment or finance for defence companies", implying that divesting from or avoiding defence is a choice for institutions and their customers'.

   The warped political economy of Western commerce.

   Where investing in Chinese companies/ops until just after the pandemic was/remains fabulous, but funding your own DIBs remains 'unethical' because everyone (bar the Chinese/Russians/Iranians/North Koreans/proxies) must be 'anti-war'.
   https://news.sky.com/story/defence-firms-held-back-by-uk-ethical-banking-standards-industry-says-13332109

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     Ravi Nayyar (ravirockks@infosec.exchange)'s status on Monday, 24-Mar-2025 09:31:10 JST Ravi Nayyar

     in reply to

     'We now know that British output shrank in January ... not enough growth, so not enough fiscal revenue, so not enough defence spending, at least without sacrifices elsewhere, for which there is not enough public support.

     'The Spanish prime minister won’t cut a “single cent” of social spending ... The willingness of citizens to forgo private consumption or welfare for defence is untested, at best ... A consensus for more defence spending is worth only so much without a consensus for actually deploying force.

     'Bar Poland, the countries on the continent that spend most on defence as a share of income, such as Latvia, are among the smallest.

     'We don’t know what European citizens are willing to give up for rearmament. We know even less which ones will bear those arms, where'.

     What's one of Europe's nicknames, 'The Empire of Values', right?
     https://archive.md/YIQ5C

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     Ravi Nayyar (ravirockks@infosec.exchange)'s status on Monday, 24-Mar-2025 09:32:21 JST Ravi Nayyar

     in reply to

     Well, I hope they implement this.
     https://ec.europa.eu/commission/presscorner/detail/en/ip_25_793