Abstract

A Purge of Obsessions
Fleming, D. F. | February 21, 1959 issue

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Since 1914 prosperity of the U.S. economy has been powered by war expenditures, the repairing of ravages of war abroad and by preparations for war. Everyone shudders at any thought of sudden removal of the Cold War, any prospect of peace gives Wall Street jitters. Yet no more dangerous way of life has ever been invented than living on the precarious prosperity of an arms race. Today the published figures speak of 900 American armed stations overseas, of 400 NATO bases near the Soviet Union, of 15 billion dollars in arms to NATO, of 600 million for bases in Spain. Even the half dozen little countries around China are so heavily loaded down with the U.S. arms that their economies stagger and their liberties flicker.

See Also:

UNITED States -- Economic conditions; COLD War; ARMS race; ECONOMIC history; WEALTH; UNITED States
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