MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
The late Professor Seymour Melman (Columbia Univ.) wrote a prescient book, Profits Without Production (Knopf, 1983) that explained how the militarization and managerialization of our economy were becoming the central causes of the decline in America’s manufacturing competitiveness. This decline started in the 1970s, but Melman showed how it grew out of seeds planted by the permanent military mobilization of a huge defense industry in the 1950s.