ons globally:
The preemption of resources for military-industrial missions, particularly precious and scarce scientific and technical labor, has ill served purely commercial industries such as machine tools, industrial equipment, steel, autos, and consumer electronics. In these industries, stiff competition from abroad . . . has eroded American market share and humiliated domestic producers. . . . (2).
Even during the drastic military expenditures and defense build-up years of the Ronald Reagan era---right on the verge of the end of the Cold War---the employment growth in the defense industry was not enough to offset the collapsing employment rate of the non-defense sector.
Whatever the benefits of the Cold War economy, then, the costs were---and are---great. It is economically suicidal to consider keeping the
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