A plausible German program is capped at five capital ships per year so that yard expansion and light-force construction can continue. That path could yield about 37 capital ships by the historical Jutland date, against roughly 62 if Britain responds at nine per year. Germany would also have to abandon prestige liner competition for the Blue Riband because the same yards and machinery firms are needed for warships. The naval surge would displace civilian maritime prestige and merchant capacity before it could close the military gap.
Notable Point · 40:22-41:50
A capital-ship surge ends Germany's liner race
Even a five-ship annual German program consumes commercial yard and engine capacity while Britain retains a much larger capital-ship total.