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Index Entry
Building Industry:
"Organized labor successfully established ‘fair’ building wages, that is, enough to provide mass-purchasing-capability without which mass production could not have been undertaken and without which management could not hold its jobs.
"Because of the rocketing costs of TV time and other public relations organizations, politicians have become electable only by the money power either of unions or of business management; and since World War II’s close, it has been left to the politicians to keep the mass-production economy going; and growing–a task which politicians of all sides found could be best accomplished through :50-100 billion-a-year ‘defense’ budgets, and having their military (or their satellite governments’ military) establishments continually buy ever-advancing power, range, and accuracy of their armaments’ hitting power in anticipation of the always politically logical assumption of the ‘next’ vastly more sophisticated war.
“John Paul Jones continually engaged battleship of the US revolutionary times cost less than $100,000. A modern aircraft carrier costs some 30,000 times that amount, i.e.,”
