Is Economic Conversion and Jobs Really Possible?

  • - The Editors
Keywords: Political Economy, Labor


In this study we examine whether the conversion of the U.S. economy to one much less dependent on the military can be done in an acceptable way within the framework of our present economic system. Paul Sweezy argues (in "Socialism: Legacy and Renewal," Monthly Review, January, 1993) that the present market system cannot possibly solve the basic long-term economic problems of the society. However, there is nothing wrong with trying to initiate some modest economic changes to ease the jobs displacement resulting from the end of the Cold War. It is in this light that the following economic conversion and jobs programs are being presented. (Discussion by Jr. Bachar, Sheldon C. Plotkin, Bennett Ramberg, James C. Warf, and Al Yano.)