Word: drains
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Dates: during 1970-1979
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...more in goods and services?food, steel, planes, machinery, technology?to pay for oil imports. Unless the oil price comes down or the country sharply reduces its oil imports or substantially increases production, the U.S. will have to spend that extra $20 billion or more every year. This will drain off more of the nation's resources and build up trade debts that future generations will have to pay. In 1974 the rippling effects of rising oil prices contributed three or four percentage points to the U.S. inflation rate of 12%. The oil rise, which Yale Economist Richard Cooper called...
...television set. Each time we participate in the American market we help perpetuate a time-hallowed structure of domination by the rich nations over the poor. In most of the products we buy we help prop up national companies and global corporations whose accumulated economic advantages enable them to drain off much of the wealth of developing nations, preventing those same nations from developing their own industrial capacity. Through a monopoly of necessary technology and an almost exclusive hold on available funds for investment, businessmen in the industrialized nations are able to corner markets in the Third World and thus...
...since most of the tanks shipped to Israel have been M-60s (along with some older M-48s), American tank units are hard-pressed for vehicles. At Fort Knox, the chief tank training center in the U.S., the few tanks available are rotated from one school to another. The drain on American reserves has caused some grumbling in the Pentagon, where generals complain that the Israelis come in with an endless shopping list and "want more and more, faster and faster...
...quite clear to these new mandarins of life and death that some large populations have surpassed the carrying capacity of local resources, and should be allowed to fall back into a natural balance. Being the basket cases of development, they cannot contribute to Western resource needs, and only drain our scanty reserves of good-will. We would rather play on well-fertilized golf courses...
...most good. Thus in the future, if the U.S. considers building a fertilizer plant or a research lab in a developing country, Washington will more carefully scrutinize what efforts that nation has taken to help itself. If the U.S. decides that the grant would simply go down the drain as a mere palliative because the recipient country was doing little to improve its food distribution or start a population control program, no help would be sent. This may be a brutal policy, but it is perhaps the only kind that can have any long-range impact. A triage approach could...