ramifications and its interest charges, is not the heaviest the
nations have placed on themselves
Nevertheless, this burden of past debt, with all its many
ramifications and its interest charges, is not the heaviest the
nations have placed on themselves. The annual cost of army and
navy in the world before the war was about double the sum of
interest paid on the bonded debt. This annual sum represented
preparation for future war, because in the intricacies of
modern warfare 'hostilities must be begun' long before the
materialization of any enemy. In estimating the annual cost of
war, to the original interest of upwards of $1,500,000,000 we
must add yearly about $2,500,000,000 of actual expenditure for
fighters, guns and ships. We must further consider the generous
allowance some nations make for pensions. A large and
unestimated sum may also be added to the account from loss of
military conscription, again not counting the losses to society
through those forms of poverty which have their primal cause in
war. For in the words of Bastiat, 'War is an ogre that devours
as much when he sleeps as when he is awake.' It was Gambetta
who foretold that the final end of armament rivalry must be 'a
beggar crouching by a barrack door.'
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hotdogcart
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