Jamie Dimon—the head of JPMorgan Chase—just announced that he’s leading a $1.5 trillion initiative focused on investing in national security.

Dimon has assembled a council of big names to advise on where to invest the bank’s own money in defense industries, as well as others money and in the hopes to spark others to follow their lead.

We wish him well.

This sort of recognition of the actual threat from the Chinese Communist Party, and their People’s Liberation Army and Navy is great news. 

Better news is that a new generation of business titans like Peter Thiel, Alex Karp, Palmer Lucky and of course Elon Musk have been aware of the threat to the freedom of the seas for many years and their initiatives and companies are already about the work of next generation weapons systems we need to overcome the advantage China has built up via sheer numbers and massive war making capacity.

It’s time to get serious and put money where the initiative has to be.