With regard to Blunt, we should remember that the 1920s and 1930s marked a high tide of romantic idealism, or high-minded priggishness, among the pub… - Correlli Barnett

[I]t was the shortage of resources – economic and financial – which posed by far the gravest question of all for the British Government after the fall of France in 1940. For whether or not England escaped defeat at the hands of the enemy, the mere continuance of the war would itself inevitably, inexorably, bring independent British power to an end through national bankruptcy and economic ruin. It was a situation which no British Government had had to face since England first emerged as a great power in the wars against Louis XIV.

For full employment also execrated a by-product highly poisonous to the health of the nation's economy as a whole: the so-called "wage-price" spiral of inflation. This weakened the cost-competitiveness of British exports, so in turn menacing the balance of payments, the international standing of the pound, the survival of the Sterling Area, and ultimately the grandiose but wobbly facade of Britain as a world power. Moreover, even full employment's comforting warm milk of abundant pay-packets and easy profits only served to render the British economy at home fat and flabby, so that even dud companies (especially in older technologies) found it easy to keep bumbling along.

In the twentieth century the capability of a nation's armed forces cannot be separated from that nation's technological capability and industrial resources, or even social fabric. This realisation led me...to the concept of "total strategy", defined...as strategy conceived as encompassing all the factors relevant to preserving, or extending, the power and prosperity of a human group in the face of rivalry from other groups... It will be seen that "total strategy" provides a different approach from that of the economic historian, and especially an economic historian in the Anglo-Saxon Adam-Smithian free-market tradition.