‘Khaki capital’ is an innovative phrase that relates to the self-financing index of the military and the degree to which the uniformed fraternity in Southeast Asia have become corporate entrepreneurs. The editors, based in the Naresuan University in Phitsanulok, Thailand, are to be commended for producing a brave and pioneering volume. It merits recall that the dangers of allowing the military to overwhelm the economic and industrial domains were first outlined, post World War II, by US President Eisenhower, when he cautioned the US about the corrosive nature of an unbridled military-industrial complex.