> Eventually countries that don't spend most of their treasure on their military will win.

Being from Europe, I wish. But for now, it doesn't seem to be the case. Your military power basically allows you to bully Europe and many others, tell us what to buy and whom to buy it from, which is an enormous economic advantage. You just made our puny European leaders promise an enormous investment in the US defense industry in the moment where we would need to propel our own industry the most (it probably won't materialize, but still, we'll spend at least some of it because most of our leaders don't want to be in a bad standing with the US). You are also bullying us into signing contracts with inferior American suppliers rather than Huawei, among many other things. All of this happens mainly due to the US's disproportionate military power. Meanwhile, you can afford having a president who is borderline illiterate (and actually makes binding decisions) without the economy even meaningfully sinking (stocks at historical maximums).

So spending in the military seems to actually be a good choice, unfortunately.