directions by technical considerations offer little promise to advocates
of democracy. Maybe the citizenry will opt for the status quo, the
back-door dishonest industrial policy of the right with its reliance on
defense spending, its dependence on the cartelization of the globe, and
its willingness to sacrifice law for political expediency, all of which lie
concealed behind the loud and boisterous rhetoric of the free market.
Or perhaps they will accept the direction of the market and its accompanying waste of human and material resources. Fortunately, alternatives do exist, difficult to realize, but attainable nevertheless. Even
if implemented, however, democratic alternatives do not guarantee
success. Democracy requires vigilance and commitment; it is a challenge to realize and an even greater struggle to maintain. Democracy
itself is a struggle. If we still live in hopeful and heroic times, "democracy will . . . throw off its lethargy and run insistently to the stature
of the time-or it will cease to exist."37 Our future and the prospects
for democracy rest in our hands.
Robert Reich and
Ira Magaziner, Minding America's Business, p. 164
( New York: Vintage Books, 1982).
Lester Thurow, The Zero Sum Society, p. 21 ( New York: Basic Books, 1980).
U.S. Congress, Congressional Budget Office, The Effects of Import Quotas on the Steel Industry, p. 9 ( Washington, D.C.: U.S. Government Printing Office, 1984).
Hans Mueller, "The Steel Industry", Annals of the American Academy
of Political and Social Science 460 ( March 1982): 77.
New York Times, September 20, 1984, p. A-1.
U.S. Congress, The Effects of Import Quotas on the Steel Industry, p. 51.
Thomas D. Willett, "Major Challenges to the International Economic
System", p. 20. In Ryan C. Amacher,
Gottfried Haberler, and
Thomas D. Willett, Challenges to a Liberal International Order ( Washington, D.C.: American Enterprise Institute for Public Policy Research, 1979).
Donald F. Barnett and
Louis Schorsch, Steel: Upheaval in a Basic Industry, p. 3 ( Cambridge, MA.: Ballinger, 1983).
See Joseph A. Schumpeter, Capitalism, Socialism and Democracy, pp. 81-86 ( New York: Harper and Row, 1962).
Richard B. McKenzie, Fugitive Industry: The Economics and Politics
of De-Industrialization, p. 87 ( Cambridge, MA.: Ballinger, 1984).
A notable exception to this is Kevin Phillips' conservative version of industrial policy, which lacks a planning board. See Kevin Phillips, Staying on Top: The Business Case for a National Industry Strategy
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: The Steel Crisis:The Economics and Politics of a Declining Industry.
Contributors: William Scheuerman - Author.
Publisher: Praeger Publishers.
Place of publication: New York.
Publication year: 1986.
Page number: 206.
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