Global Counter-Revolution

Abstract

As the summer of 1966 draws to a close, the picture presented by the United States to the world is outwardly one of unexampled wealth and prosperity. Gross National Product at nearly three quarters of a trillion dollars is close to 50 percent higher than it was in 1960 when President Kennedy took office. Even more telling from a capitalist point of view is the latest figure for corporate profits after taxes—$48.7 billion, more than 80 percent larger than the 1960 total. On the other hand unemployment, while still substantial at 3.9 percent of the civilian labor force, is about 30 percent below the average of the last five years.

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