"Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace"

This quote by Ludwig von Mises talks to the significance of peace in modern society. In modern-day society, the department of labor is necessary for financial growth and advancement. This division of labor permits specialization and efficiency, which in turn results in increased performance and economic development. Nevertheless, this division of labor can only be maintained in a peaceful environment. Without peace, the division of labor is disrupted, causing economic stagnation and decrease. Therefore, it is vital for modern-day society to keep peace in order to preserve the division of labor and ensure financial development. Without peace, contemporary society would be unable to function effectively and would eventually collapse.