We will not meet the problems of tomorrow by talking about yesterday's concepts. - Walter Reuther

The problems of tomorrow require whole new concepts of how a free economy can work. As the tools of production become more productive, it means that we've got to find the markets by which people can absorb this greater productivity. Unless the fruits of technology are shared among workers and stockholders and consumers more equitably, the economy gets in trouble because you develop a lag between the ability to create wealth on the one hand, and the inability of people to consume the wealth that we know how to create.

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 ask this simple question. I ask it of you and I ask it of my fellow Americans everywhere. Why is it that we have the courage to mobilize the power of America to meet the challenge of war, but we fail to have the same courage to mobilize America to meet the challenge of peace?