Going Up, Up in Arms

To buttress industry at home and policy abroad, the U.S. becomes the arms merchant to the world

Secretary of Defense William Perry was in a quandary. What if the Russians decided to sell more submarines to Iran? He couldn't tell them to stop -- not with a straight face. "They observe that the U.S. is No. 1 on the list," Perry told Time after failing to persuade Moscow to halt such sales earlier this year, "and why should we be taking a holier-than-thou attitude and telling them not to sell their weapons?" That predicament is not new. The U.S. has always made arms, sold them and then criticized others for doing the same. But it was somewhat easier...

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