Military power is necessary to safeguard the overall power and the economic power of the state. Military power is the symbol of real and hard power. All great powers that rose in the face of the earth had a relatively stronger military power that enabled the m defeat major battles and wars. For instance the Germany, France, Britain, Spainand Soviet Union. But that one does not exempt the central thesis of the discussion; power sustainability can only be achieved through a balance between the wealth creation and the military expenditure that do not over stretch the economy of the state.
In this regard at the beginning of the 16th century, Spainwas the worlds and European great power with excellent armed forces. This made it powerful. But the argument is the measure for this power sustainability; that makes it relative to either prevail or decline. Therefore fort theSpain’s case, this excellent army required sustenance from economic resources. Which were over spent on a higher scale fromSpain’s mismanaged resources, deficit budgeting and inflation. Hence in the long run it declined as a major power.
 Paul, Kennedy. 1987. The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000. pp. 62
 Paul, Kennedy. 1987. The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000. pp. 84
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