Not alone. My gut feel (with apologies to the SecHS) is that between one third and one half of one percent of the population of a modern western democracy will join and serve under such conditions; if it trends to the lower figure due to length of time that means less than the now authorized strength while the upper figure is about what we have. Per usual, the truth is probably somewhere in between.
"Under such conditions" -- but some inducements in the near term will be necessary. IOW, I'm saying I think we can muddle through for a few years with some belt tightening. To maintain the force in the long term, some major reforms are going to be necessary. Simply, the ability to deploy fairly frequently but not too frequently and not always to combat zones is desirable but the biggest single draw to the kids is challenge. Period. Most kids come in the service (officer or enlisted immaterial, service nonpeculiar) and leave due to disappointment.
It isn't challenging and it isn't fun. Start a small war and you have challenge but no fun (for most); do all the good training stuff IAW OSHA guidelines and you have fun but no challenge.
Then there's the fact that the aforementioned tendency to treat people like children tends to make them act like children. Nobody likes that; add that people used to be trusted and that the ability to trust has been allowed to severely erode. That has to be fixed.
Frankly, in the US, I'm not particularly optimistic about getting there from here. We are, I'm afraid too distrustful of each other, too pampered, too PC and Congress does not want the Mothers of the Etats Uniens complaining about a 1% loss annually in training. Penalty of living in a democratic society; the bulk of the populace do not want Armed Forces that are too good. Not that I'd change that; I think its part of the price we pay for the freedom we have and the life style we are able to enjoy. So I suspect we'll just muddle along. Unsatisfactory answer, I know. Need to think about it a bit.
As to the second part of your query; total honesty and integrity allied with great competence; all equally important. The first simply requires an effort of will and a change in attitude (particularly toward the media, no matter how hard that is to swallow); the second requires only will and effective policing and the third cutting much of the bureaucracy, well thought out doctrine and even better than the already good training. Then it'll take 15-30 years of improvement for the effects to be truly felt, I believe. However, I see some positive if slight moves in those directions and that is good.
Two things that will contribute to that better perception are the mantra of 'support the troops' which makes it hard for those who say it at least on the surface to be too negative (if it is said often enough, it begins to be believed) and the return of a bunch of smart people from the current wars to the mainstream and many of whom will go to school on the GI Bill and possibly, among other things, affect some, uh, attitudes on campus...
However, it is unlikely that the attitudes toward the Armed Forces of about 15 to 20% of the population, those strongly inclined toward non-violence / anti-militarism will ever be changed. Nor are they likely to subside into quiet acquiescence. Fortunately, they are a fairly small percentage.
Let me mull both points for a bit...
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