DEFENSE: Exporting a Bottleneck?

First U. S. industry to be called a bottleneck (and fed up with it) is the machine-tool industry. Of its 200-odd parochial manufacturers, not more than 25 can be classed as streamlined; none can be called big. Yet its plight (and the sorrier plight of its customers) is more widely pointed at than understood. Last week, to those who did not understand it, the machine-tool problem seemed to be viewed by the Defense Commission and the President in exactly opposite lights.

When Defense Commissioner Bill Knudsen was president of General Motors, he...

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