In my view, the most serious threat to COCOM arises not from the greed of German machine tool manufacturers and their counterparts in other industries and other countries who are appear bent on making sales irrespective of the security consequences of doing so.
At one point in the eighties, I owned over 10 percent of NYT, but I watched in frustration as management bartered away serious money for the aging Cowles magazine stable, invested in the teaching machine craze and divested a promising foothold in a cable TV system.