““Secondly, while the price of war soared, its profits declined. For most of history, polities could enrich themselves by looting or annexing enemy territories. Most wealth consisted of material things like fields, cattle, slaves and gold, so it was easy to loot it or occupy it. Today, wealth consists mainly of human capital and organizational know-how. Consequently it is difficult to carry it off or conquer it by military force.””
![“[T]he essence of so-called war prosperity: it enriches some by…” quote by Ludwig von Mises](https://sms4smile.com/quotes/img-quotes/e6b/ludwig-von-mises-364_anti-war_t-he-essence-of-so-called-war-prosperity_1473476.jpg)
