Word: lekachman
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...says Gordon North of Rochester, Minn. "He's probably the most honest man in America." Even the left-leaning Nation magazine permits kind thoughts for this particular captain of industry. "Iacocca is one of those rare adults who is capable of changing his mind," wrote Economist Robert Lekachman. Above all, Lekachman declared, "the juices of humanity course through his veins...
...Nazi Germany and Imperial Japan was an unconditional virtue. But the years since 1945 have taken a toll on that good feeling. Korea, Viet Nam and the rat race slowly eclipsed the enthusiasms and certainties of youth. Former enemies became allies; old comrades-in-arms are now adversaries. Robert Lekachman, an economics professor and Army survivor of the Pacific meatgrinder ("I computed my regiment's casualty list. It was 140%"), echoes the book's dominant theme: "It was the last time that most Americans thought they were innocent and good, without qualifications...
...Marshall, Secretary of Labor during the Carter Administration, organized the letter, whose signers include Lester Thurow of MIT and Robert Lekachman of the City University of New York...
...ALTERNATIVE to pro-corporate reindustrialization. Lekachman argues, the left must mobilize around a plan for democratic control of investment decision. A National Investment Authority (NIA) he suggests, could withold subsidies from defense contractors who refuse to convert to civilian production. An and NIA would subsidize local co-ops, church-sponsored housing, and small farmers rather than lumbering auto makers. Lekachman calls for closing tax loopholes--which channel resources into unproductive uses--and redirecting the proceeds to pay for the NIA and for expanded social welfare services. Inflation should be fought not by wage concessions but by controls on oligopolistic price...
...Lekachman argues, the chaos of Reaganomics must inevitably give way to order. The question is whether we will be assumbled under the common yoke of a corporate-dominated reindustrialization plan or whether we will join in a popular movement for an alternative...