The Second Industrial Revolution is World Wide
Industry is putting major funds into refurbishing their plants. In 1980 the losses in the auto industry were $4.3 billion, but despite this by 1985 the American auto industry will have spent $80 billion to retool and reequip auto plants. There are many examples of forward looking industrial companies who are making major efforts to be sure that nobody can produce a product at lower cost or higher quality than they can.