Conversion from a War Economy
Seymour Melman argues that “the decline of the U.S. as an economic industrial system is now well underway. This is a consequence of the permanent war economy.” He traces how and why this country’s ability to be competitive in the world’s marketplace is eroded and corroded by the relentlessly predatory effects of the military economy. Melman presents a comprehensive plan to repair and restore America’s economic health. Conversion is the solution to arresting economic decay. The evolving US/USSR relationship makes it imperative that this country have a clear vision and plan that reflect the new realities.
Recorded at the University of Wisconsin.
Seymour Melman was a professor of industrial engineering at Columbia University. He was the author of numerous articles and books, including The Permanent War Economy, Profits Without Production, and The Demilitarized Society. Professor Melman was a member and leading force in the National Commission for Economic Conversion. He died in 2004.