Word: 80s
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Dates: during 1980-1989
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Thought Hold Out gives a culture shock as it drags you (yes, you still mourning the Browne of the '70s, you're a hold-out, too) into the '80s, there are a few things to remember the Old Jackson by: from the Karen Silkwood T-shirt hibernating beneath the cover's collegiate get-up to the extra-lyrical remarks following "Boulevard," there remains the characteristic sense of earnestness taken only half-seriously. Holding out is no longer the mythic concept of embattled separateness familiar from "Father On" or "From Silver Lake," nor is it the sole property of the omni...
...Money and financial interests will capture the passion of the '80s." So predicts Jerry Rubin, the counterculture clown of the '60s ("Never trust any one over 30&"). Autres temps, autres moeurs. Thirteen years ago, in protest against American capitalism, Rubin threw dollar bills from the visitors' gallery of the New York Stock Exchange, causing an unseemly, trade-halting scramble on the floor below. As a leader of the Yippies, he mocked the U.S. political system in 1968 by trying to run a pig for President. As one of the Chicago Seven defendants, he was convicted...
Expressing his conversion in words that would have been heartily applauded by delegates to the Republican National Convention in Detroit, he declares: "The challenge for American capitalism in the '80s is to bring back the entrepreneurial spirit. America needs a revitalization of the small-business spirit. Individual entrepreneurship can create the new work ethic that is so desperately needed. Let's make capitalism work for everybody." Autres temps...
...policy, though, contains a danger: far greater Government involvement in the economy. A key tenet for many supporters is that Government should foster those companies or industries that show the most potential. The idea is that Washington would pick out the most promising industrial sectors for the late '80s and '90s, such as microprocessors and telecommunications, and then, by means of tax policy and trade measures, encourage or cajole companies into those areas and away from declining industries like textiles...
...economic climate, Argentines are flocking to put their money into banks that pay the highest interest rates. While the economy remains tenuously balanced, Martínez de Hoz told TIME'S Buenos Aires bureau chief George Russell: "We never expected quick results, but in the '80s we are going to reap the fruits of all our measures...