“…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
“Unintended Consequences is far smarter and more thought-provoking than most economics written for the general public” - Greg Mankiw, Harvard University, Former Chairman of the Council of Economic Advisors
“Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
“…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
“…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
“…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
“Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.” - Tyler Cowen, Professor, George Mason University
“…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
“…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
“…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
“Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
“A full-throated defense of economic dynamism.” - The Wall Street Journal
AI Summary.China's DJI accounts for about 70% of commercial drones sold globally, and industry experts estimate its output far exceeds that of any other manufacturer, with capacity in the millions of drones a year. About 500 US companies manufacture drones, producing fewer than 100,000 annually, according to an industry association.
Farah StockmanNew York Times
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China’s DJI can manufacture millions of drones a year; about 500 American drone manufacturers are collectively building fewer than 100,000 drones annually.
Does China outproduce the US in drone manufacturing?
Core argument: DJI accounts for about 70% of all commercial drones sold globally for hobby and industrial uses such as aerial photography, package delivery and weather research, with industry experts estimating its output far exceeds that of any other drone manufacturer.
DJI accounts for about 70% of all commercial drones sold globally for hobby and industrial use, such as aerial photography, package delivery and weather research. The company declined to share market data, but industry experts estimate that DJI’s output far exceeds that of any other drone manufacturer. “No one even comes close,” said Bobby Sakaki, chief executive of UAS NEXUS, a drone industry consultant. “DJI can make millions of drones per year. That is a hundred times more than anybody in the United States can make.” About 500 companies manufacture drones in the United States, producing fewer than 100,000 a year, according to Ryan Carver, communications manager for the Association for Uncrewed Vehicle Systems International, a nonprofit organization of industry professionals.
Takeaways by Macro Roundup® AI
DJI accounts for about 70% of all commercial drones sold globally for hobby and industrial uses such as aerial photography, package delivery and weather research, with industry experts estimating its output far exceeds that of any other drone manufacturer.
About 500 U.S. companies manufacture drones and together produce fewer than 100,000 a year, according to Ryan Carver of the Association for Uncrewed Vehicle Systems International.
Bobby Sakaki, chief executive of drone industry consultant UAS NEXUS, says DJI can make millions of drones per year, a hundred times more than any manufacturer in the United States can make.
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China Made Millions of Drones. Now It Has to Find Uses For Them— China accounts for 70-80% of global commercial drone supply and 79% of approved drone patents globally, according to industry analysts and a patent study. The Civil Aviation Administration of China projects the low-altitude economy, which includes flying cars, will grow fivefold to $490bn by 2035.
Ukraine Drone Strikes Hit Nuclear Bombers Deep Inside Russia— Ukraine used drones smuggled into Russia aboard trucks and released remotely from mobile wooden structures to strike strategic airfields as distant as eastern Siberia. An official in Ukraine's Security Service said more than 40 Russian aircraft, including Tu-95 and Tu-22 M3 long-range bombers and A-50 surveillance planes, were damaged, with losses assessed at at least $2bn.
A US Drone Maker Tries to Take Back the Country’s Skies— US drone maker Skydio has produced 45,000 drones in total, while Chinese rival DJI likely makes that many every few weeks — a scale gap that matters because production costs fall predictably with cumulative output. The Pentagon's Defense Innovation Unit says that at attrition rates observed in Ukraine, the US military would exhaust its entire drone supply in five days.
