The economy has always been a crucial aspect of military power. With adequate industrial output, a country could drastically enhance its military might and that has been the case since the dawn of warfare. This is particularly true nowadays when the human factor is increasingly less relevant than was the case just a few decades ago. While militaries required millions of soldiers until relatively recently, the era of ever-evolving modern warfare brought tectonic changes. Nowadays, a heavily armed military force of just a few hundred thousand men could defeat an entire nation with four or five times as many troops (if not […]
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