Stop the World

Australian Strategic Policy Institute (ASPI)

Everything seems to be accelerating: geopolitics, technology, security threats, the dispersal of information. At times, it feels like a blur. But beneath the dizzying proliferation of events, discoveries, there are deeper trends that can be grasped and understood through conversation and debate. That’s the idea behind Stop the World, the Australian Strategic Policy Institute’s podcast on international affairs and security. Each week, we cast a freeze-frame around the blur of events and bring some clarity and insight on defence, technology, cyber, geopolitics and foreign policy.

  1. 3 days ago

    The Cost of Defence 2026 with ASPI’s Mike Hughes: “Reality still chasing rhetoric”

    ASPI this week released our Cost of Defence report which, as always, has taken a thorough and rigorous look at every dollar spent on defence in the budget. And to help us make sense of the $66.4 billion that Australia will be spending, we’re joined by our director of defence strategy, Mike Hughes. Mike is one of the report’s main authors along with Marc Ablong, Courtney Stewart and Linus Cohen. Their conclusion, in sum, is that Australia is “buying a future and is doing so by accepting that the ADF will be able to do less today”. Mike puts the dollars in context, welcoming the lift in spending but describing a program of approvals and spending that remains too slow. He explains the mismatch between rhetoric that the strategic environment is dire and getting worse, and reality is that the corresponding urgency isn’t there in the investment. He talks about Australia’s recent spending growth compared with other countries in the region including China, and the welcome boost to workforce but the decline in acquisition and sustainment spending, which will be an issue for the current force. He also walks us through the byzantine ways of calculating spending as a percentage of GDP and, most importantly, what actually needs to be done now, such as approving money for integrated air and missile defence and the so-called connective tissue that ensures readiness. Links: Read the cost of Defence: ASPI Defence budget brief 2026-2027 here

    49 min
  2. 1 May

    Dynamism and danger: Ray Powell and Jim Carouso on the Indo-Pacific

    Why should we care about the Indo-Pacific? It’s a question sufficiently packed with vitality that Ray Powell and Jim Carouso have for the past two years devoted a weekly podcast to finding the answers. Ray, a former US Air Force Colonel posted as Defence Attache in Canberra, and Jim, longtime diplomat who served as Charge d’Affaires to Australia, join STW this week to unravel all the ways the Indo-Pacific region remains the strategic keystone that is likely to shape the course of the 21st century. We cover a lot of ground—the future of US strategy in the Indo-Pacific and what that means for America’s friends and allies; Donald Trump’s upcoming meeting with Xi Jinping; China’s project to become the regional hegemon and what that means for the many other countries that call the Indo-Pacific home. Ray and Jim also share their thoughts on Japanese Prime Minister Sanae Takaichi’s visit to Australia next week, opportunities for economic security cooperation, deepening partnerships with other key Indo-Pacific nations such as the Philippines; the ongoing risks in the South China Sea and the nomination of former Congressman David Brat as US Ambassador to Australia. Ray and Jim have spent most of their careers focussed on the Indo-Pacific region. And their level headed, calm, excellent judgement comes through in this conversation. Watch Ray and Jim’s podcast here: https://www.youtube.com/@IPPodcast

    56 min

About

Everything seems to be accelerating: geopolitics, technology, security threats, the dispersal of information. At times, it feels like a blur. But beneath the dizzying proliferation of events, discoveries, there are deeper trends that can be grasped and understood through conversation and debate. That’s the idea behind Stop the World, the Australian Strategic Policy Institute’s podcast on international affairs and security. Each week, we cast a freeze-frame around the blur of events and bring some clarity and insight on defence, technology, cyber, geopolitics and foreign policy.

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