The Nation: Beauty Over Bullets

From youthful radicals to such eminent Establishmentarians as Dwight Eisenhower, critics have assailed the military-industrial complex as too powerful for the nation's good. Former FAA administrator E.R. ("Pete") Quesada claims that at least in monetary terms, the vastness of the complex is a myth. He bet a colleague one box of cigars that the value of common stock of the ten largest companies commonly assumed to be part of the complex was less than that of a single cosmetics firm.

Quesada is now smoking contentedly. He produced figures proving that as of April 26,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!