Lyric discussion by dylanrocks 

This song is about how man can bring himself to destruction. The technology in reaching the moon is facilitating the process. It also says that even if you have a little part to play, you still are a part of the destruction process because it's in the nature of man.

However it's unclear what the woman represents.

I don't know that Dylan would have had this viewpoint, but to me, the woman is the sane one, the one left behind or victimized by this masculine rush to power, technological and military. She's the classic woman of modern liberal thought: she represents the earth, non-complicit in the destruction but awaiting salvation-- the waiter and watcher and wonderer.

@dylanrocks I think it means that woman as the nurturer, the mother of life is watching from a distance knowing the inevitable and unable to affect or change the outcome. Hence the question "who is going to take his license to kill"

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