Anthony Sutton showed that from his "cat bird seat" at Stanford's Hoover Institute, also home of the Stanford Research Institute which provided research for the position paper, Shifting the Balance of Power, the escalation of the Vietnam War was used as an argument for draining the Soviet Union's nuclear ambitions and became the justification for many little wars acting as a pressure value on larger ones....with significant profit incentives thrown in as non-military industrialization was re-tooled to supply the needed military hardware. Meanwhile, Sutton demonstrated that the West was funding Soviet and Chinese military capabilities as evidenced by the sale of Western technology. Thus, "the best enemy money could buy!" This provides the essence of what the two-time Congressional Medal of Honor winner, U.S. Marine General Smedley Darlington Butler, said in his celebrated commentary on war: War Is A Racket!
(Single click within red box for link to 1972 report to President Nixon from Blackie's panel.)
William L. Blackie's son, Bruce, would go on to head the Blackie Foundation which attempted to turn around America's schools with the privatization of public school systems by Edison Schools Inc.. The Edison School experiment has failed to live up to it promise to streamline public education while enhancing productivity of students.
William L. Blackie's 1972 panel, citing an article in New Republic, The Myth of War Profiteering, argues in closing that the Military Industrialist Complex had become America's favorite "whipping boy". That was, of course, before Iraq and a $60 billion war that morphed into a $3 trillion war with more and more looting of the U.S. Treasury by not only the Department of Defense, but also its galaxy of private contractors.