The US and allied defence forces are increasingly focused on conventional "near-peer" conflict, after years primarily focused on counterinsurgency. Preparing for conventional conflicts seems to go hand-in-hand with expensive procurement programs for very advanced equipment, which is rarely used because we don't actually fight a lot of near-peer wars. For example, the F-22 Raptor program has apparently cost at least $67 billion but the fighters have barely seen meaningful combat in their intended air superiority capacity.

It is apparently also quite possible that even these assets wouldn't actually be capable of achieving the intended outcomes in a conventional war; they may not be providing the expensive hedge we're expecting of them. For example, Australia is currently spending $70-80 billion on submarines, but Hugh White argues that the amount and type of submarines being purchased are not actually sufficient to meaningfully ensure control of the high number of sea approaches that exist to Australia. Further examples of this kind are in his book.

How to Defend Australia

In that context, it is interesting to consider whether military spending could be more heavily focused on equipment that is consistently useful in the broader range of sub-conflict, security-relevant situations that our military finds itself in, rather than only truly useful in an all-out war.

What might this look like?

Update June 2020: the ADF Defence Strategy Update includes items aligned to this approach:

increased investment in capabilities to respond to grey-zone activities, including improved situational awareness, cyber capabilities, electronic warfare and information operations;

measures to enhance ADF support to civil authorities in response to national crises and natural disasters, such as pandemics, bushfires, floods or cyclones.