Chapter 28 and Epilogue Summary and Analysis

Iacocca feels the budget deficit is a big problem. We are dependent on OPEC for oil and the Japanese are ahead of us and are basically capturing our industrial and technological base, especially steel and autos. High tech isn't enough to save the American economy. The auto industry is the largest user of computers and is vital to the United States economy.

Some sort of industrial policy is required. The government should help American industry against foreign competition. This mean establishing a plan with objectives. Planning at the national level is not an attack on capitalism.

Iacocca proposes the basics for an industrial policy. It calls for energy independence, limits on Japanese market share in certain markets restructuring of the federal entitlement programs, the training of more scientists, engineers and technicians, incentives for research and development and...