Selling Our Security: The Erosion of America's Assets

Front Cover
This is the first book to pinpoint, case by case, name by name, how our political leaders have permitted America's vital technological assets to be sold off to foreign-owned companies - how these leaders have failed to grasp that economic innovation and competitiveness are as important to national security as military hardware. The Tolchins show how technologies developed in the United States have been acquired and commercialized by overseas competitors; how one industry after another has radically declined - automobiles, televisions, telephones, semiconductors, machine tools; how we have lost our lead in supercomputers, optoelectronics, and digital imaging. And they detail the cost in lost jobs, lost national income, lost market share, a lower standard of living, a huge trade deficit - and far too much reliance on foreign sources that can at will raise prices or even withhold products. Is a link trainer to simulate the F-16 fighter plane wanted? The American company that makes it has been sold to a Canadian firm. Do we need rarefied gases critical to the manufacture of almost all semiconductor equipment? The only firm that produces them was sold in 1991 to a Japanese manufacturer. During the Gulf War, U.S. diplomats had to go begging for access to advanced technologies that Americans had invented - and then had sold. How has this happened? The authors argue that while other governments have been working with their industries to secure their nations' economic future, ours has ignored global realities. American presidents, the Congress and regulators, believing their own "free market", laissez-faire rhetoric, have defined national security too narrowly as no more than militarypreparedness. They have ignored their responsibility to secure an industrial base that will allow us to deal from strength. While fully acknowledging that greed and short-sightedness (and offers difficult to refuse) have lured some American executives into mortgaging our future, the Tolchins demonstrate that government ineptitude and political folly bear the final responsibility for our current predicament. Their eagerly anticipated book will have profound repercussions in the political arena.

From inside the book

What people are saying - Write a review

SELLING OUR SECURITY: The Erosion of America's Assets

User Review  - Kirkus

A deeply disturbing report on Adam Smith run amok—or how the Reagan and Bush Administrations, pursuing laissez-faire free-trade policies, presumably allowed foreign competitors to undermine the ... Read full review

Selling our security: the erosion of America's assets

User Review  - Not Available - Book Verdict

see Romm, Joseph J. The Once & Future Superpower. Read full review

Contents

The Lonely Playing Field
12
The Overseas Investment Challenge
20
Holding On to the Technological Edge
28
Copyright

22 other sections not shown

Other editions - View all

Common terms and phrases

About the author (1992)

Martin Tolchin capped a forty-year career at "The New York Times", where he reported on Congress and politics, by becoming founder, publisher and editor-in-chief of "The Hill" newspaper. He also was the founding senior publisher and editor of "Politico". He is now a Senior Scholar at the Woodrow Wilson International Center for Scholars.

Susan J. Tolchin was born in Manhattan, New York on January 14, 1941. She received a bachelor's degree in political science from Bryn Mawr College in 1961, a master's degree from the University of Chicago in 1962, and a doctorate from New York University in 1968, where she wrote her dissertation on the politics of New York City police policy. She taught at Mount Vernon College and at George Washington University before joining the faculty at the School of Public Policy at George Mason University. She taught there from 1998 until her retirement in 2007. She wrote several books with her husband Martin Tolchin including To the Victor┐: Political Patronage from the Clubhouse to the White House, Dismantling America: The Rush to Deregulate, Buying Into America: How Foreign Money Is Changing the Face of Our Nation, Selling Our Security: The Erosion of America's Assets, Clout: Womanpower and Politics, and Pinstripe Patronage: Political Favoritism from the Clubhouse to the White House ┐ and Beyond. She also wrote the book The Angry American: How Voter Rage Is Changing the Nation and compiled the government document Women in Congress, 1917-1976. She died of ovarian cancer on May 18, 2016 at the age of 75.

Bibliographic information