While it is true that not everyone in such a country will agree that this is the best way to run the government’s ‘civil service,’ by and large one h… - Neil H. Jacoby

A fourth factor underlying the merger wave of the 1960’s was the steep rise in the load of corporate income taxation since World War II. In 1940, the effective federal corporate income-tax rate was 27 percent; in 1968, it was 50 percent. Rates of state and local taxes on business incomes have risen commensurately.

A static technology is, however, almost inconceivable. It runs so strongly against established drives in American society as to be practically impossible. So long as we are thinking beings, we will find new ways to increase the productivity of work! The basic point, however, is that economic growth is needed to improve the quality of life. A rise in the GNP, taken by itself, is neither good nor bad. Everything depends upon what kind of production has increased, its costs to society, and who benefits from it. What people now want and need is resource-conserving, pollution-free growth—growth that does not harm the environment and demands less of the earth’s limited resources.

During the war years, the United States government gave serious thought to acquiring a direct interest in Arabian [oil] reserves.