labor union leader and progressive activist (1907–1970)
Walter Philip Reuther (September 1, 1907 – May 9, 1970) was an American leader of organized labor and civil rights activist who built the United Auto Workers (UAW) into one of the most progressive labor unions in American history. He was the husband of May Reuther, and the brother of Victor G. Reuther and Roy L. Reuther. TOC
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Now this essentially is the difference between the Republican party and the Democratic party. Philosophically, the Republican party believes that if you help big business to earn higher profit, they will then invest more money in plants. That will create more job opportunities. That will create full employment. They've got this trickle-down theory that you can build prosperity from the top down. The Democrats basically believe that you've got to build prosperity from the bottom up by expanding purchasing power, by doing the things that will make it possible for all the American people to participate in prosperity.
I happen to believe that this is the crux of where we're going in terms of the future of the American economy. I think that the basic problem is to find a way to work out the competing equities among the three groups—the worker, the stockholder, and the consumer—so that we share the abundance in a way that would create the dynamics of growth and expansion.
In the struggle for the hearts and minds of millions of yet uncommitted people in the economically underdeveloped portions of the world, the more young Americans we send to help as technical missionaries—with slide rule, with textbook, and with medical kit—to work in the pursuit of peace, the fewer we might need to send with guns and flame-throwers to resist Communist aggression on the battlefields.