That's actually an important point though. The kind of isolationist neutrality that Switzerland has is only possible if you can make it seem like conquering you is impossible to justify. Switzerland will protect its neutrality by force if necessary. They also have a military industrial complex, so is that one a racket?
Probably somewhat, but if you read the essay, you wouldn't come away with the impression that the author's disillusionment is targeted in any way at a country like Switzerland.
His thesis seems to be that elites profit off casualties, and are happy to foment more wars as a result.