I don't think any force is ever going to be armed entirely with machetes. I think the machete will become more prevalent. And I am sure that a mob of thugs will have no qualms about sending some 12-year-old boys to take the brunt of the AK fire, while using a handful of their own AKs to maintain some standoff for the adults, until the opposing guns run out of ammo, and then hack away at the group of thugs that just went black on 7.62.
I've seen them and seen vehicles hit by them. They are not nearly as devastating as EFPs and I'm pretty sure that they tend to hit their targets less often. But they clearly appear to be attempting to create them. In that regard, I've been wondering if we will be able to quell the Sunni insurgency and "Sunni" terrorists before they obtain this capability and wondering if Iran would see fit to start arming Sunnis with these just to stick another thorn in our butts.
Part of the value of EFPs is that they can be fairly quickly and more easily emplaced (no need to transport bulky, heavy munitions or to exert the time and energy to dig an 8 foot hole without being caught). And so long as an outside, well-financed supplier is willing to give them away (similar to the US with its Stingers, and now Iran with its EFPs), then they remain, for practical purposes, "cheap."
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