After the Cold War. (opportunity for the US to turn technological prowess to addressing pressing domestic problems) (Editorial)

The end of the Cold War offers an unprecedented opportunity for the U.S. to turn its technological prowess to addressing the pressing domestic problems currently begging for solution. But in the rush to harvest the so-called peace dividend resulting from massive cuts in the defense budget, we must also address serious questions about how, and how well, a significantly diminished defense industry can ensure the nation's future security.

Testifying before the Senate Armed Services Committee recently, Peter F. McCloskey, president of the Electronic Industries Association, stated, "This is a watershed period for our national defense and the firms that support it. If we act …