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" "Costs of manufactured articles importantly depend on the cost of raw materials as well as labor, and the prices of many raw materials do not fluctuate directly with the labor cost of producing them.
Charles Erwin Wilson (18 July 1890 – 26 September 1961) was an American engineer, businessman and politician. After working as the CEO of General Motors, he became the Secretary of Defense under President, Dwight D. Eisenhower.
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Nor do I understand how anyone can feel that industrial progress has been made at the expense of social progress nor why any American should suffer from the great delusion that any form of communism or statism, which promotes the dictatorship of the few instead of the initiative of the millions, can produce a happier and more prosperous society.
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