The Prospects of American Industrial Recovery

In short , technically and in production , the industry was once competent but as its prospects faded in line with the general deterioration of the underpinnings of the country and commercial capital goods manufacture , it too went into ...

The Prospects of American Industrial Recovery

John E. Ullmann examines the underlying causes of the impending American economic blight. Specifically, he identifies the arms race as preempting technical talent and capital resources to the degree that it impairs the rest of the economy. According to Ullmann, it is the confluence of related misunderstandings and rationalizations about military spending that have inhibited a proper response to current economic and technical challenges. He demonstrates that solutions lie only in concentrating on direct action and physical realities, on industrial redevelopment and technical needs, and on the broader issues of the nature of work and its organization. Through a discussion of individual industries and their problems, Ullmann sets forth a series of proposals for their recovery and renewed progress.

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