John E. Ullmann examines the underlying causes of the impending American economic blight. Specifically, he identifies the arms race as preempting technical talent and capital resources to the degree that it impairs the rest of the economy. According to Ullmann, it is the confluence of related misunderstandings and rationalizations about military spending that have inhibited a proper response to current economic and technical challenges. He demonstrates that solutions lie only in concentrating on direct action and physical realities, on industrial redevelopment and technical needs, and on the broader issues of the nature of work and its organization. Through a discussion of individual industries and their problems, Ullmann sets forth a series of proposals for their recovery and renewed progress.