Israel is angry, Netanyahu poised for Gaza invasion. But there are limitations to military power

News Snapshot:

That’s why defence budgets are going up for all major nations. Even Japan has dumped its pacifism and released a comprehensive military upgrade plan to double its defence budget by 2027. That the military is central to a nation’s Gross National Power (GNP) is beyond any doubt. Unless, of course, you are still an idealistic and uncorrupted teenager at your school’s Model UN debate. If we asked a question like “how important are the armies to building and projecting a nation’s power”, we would be laughed out as idiots. We have no intention of going there. If we, however, posit...