Modern Wars And War Taxes a Manual of Military Finance

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123 army and the ghost of a navy, but Japan has a national organisation equal to that of any European Power, though it costs only one-fifth as much per head of the population.
Averages per head are of course one-sided comparisons. To give them practical value the relative resources of each country should be taken into account. But here again our science of national finance breaks down for lack of indis- pensable data. National resources have yet to be standardised. The crude statistics availabl
...e have, however, a certain degree of significance for us. They show how heavily handicapped some countries are in the economic struggle for exist- ence by their national finance. Crushing debts and oppressive taxes must be serious obstacles to profitable production. What harm they do is yet but dimly suspected : the question has still to be systematically investigated. They may be even greater drawbacks to the military efficiency of the nation. To the individual producer it must make a difference if he and his workpeople are taxed at the rate of 123.

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