Two years after the defeat of German militarism, 19,000,000 men in the world are under arms; this costs the world about $27,400,000,000 a year, not counting what is spent on atomic and other secret research. These figures are the conclusion reached after a worldwide survey conducted by the New York Times under direction of its able Military Editor Hanson W. Baldwin. He believes that despite the disappearance of Germany and Japan as military powers, there are more soldiers today than on the eve of war in 1938.
Only seven* nations spend as little as 10% of their budgets for armaments. China...
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