> Margins are high during peacetime and wartime alike Countries with high margins during wartime don't typically win wars against peer powers. Cf nazi germany

> Margins are high during peacetime and wartime alike Countries with high margins during wartime don't typically win wars against peer powers. Cf nazi germany vs the soviet union. This is typically a luxury you see when rich countries fight poor ones (in absolute terms, including capital in the form of production capacity and tech IP/know-how)