4. By means of the price mechanism in a price competitive environment, or by means of increased promotional efforts otherwise, profits are redistributed from corporations which have not adopted improved production techniques to corporations which have.
5. The acceptance by the business sector in America of the fact that public investment must supplement private investment, in order for the economy not to stagnate, constitutes the essence of the "Keynesian Revolution." That public investment is not justified as maintaining the free enterprise economy à ‚¬" but rather as necessary to national defense, public transportation, health, welfare, etc. -- in no way alters its maintenance effects or the fact that such effects are understood and accepted by the business sector.
6. Possibly still intoxicated by the television coverage of Watergate, here I obviously underestimated the powers of legislators to limit television's coverage of legislative proceedings to only those of symbolic significance. (Footnote added in 1995.)
7. Walter Lippmann, The Public Philosophy (Little, Brown & Company, 1955). For an even more telling source of the cold warrior thesis that public pacifism in England led to World War II, see John Kennedy, Why England Slept (Funk & Wagnalls, 1961).
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