Word: antimarket
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...seen as unruly beasts that had to be tamed with tight regulation to help protect the hard-earned savings of regular Americans. But memories of the 1930s eventually faded, and in the 1950s, the idea that markets knew best began its comeback. This was part ideological reaction to the antimarket conventions of the day, part scientific progress. It was the combination of the two, in fact, that made the idea so powerful...
...itself into a multiparty democracy with a market economy. Yeltsin and his team of shock therapists have been at the task since the Soviet Union collapsed in December 1991, producing few successes and much turmoil, hardship and anxiety. As the pain mounted, Khasbulatov and the President's other conservative antimarket, anti-Western rivals muttered and threatened, then finally struck...
...question of what to do about the British economy became intertwined with the question of what to do about Industry Minister Anthony Wedgwood Benn, whose impassioned antiMarket campaigning had made him the darling of the Labor Party left and the pariah of its right. Business leaders, panicked by Benn's grandiose plans for public control of industries and investment, had been demanding his dismissal from the Cabinet. On the other hand, powerful union leaders including Jack Jones, president of the Transport and General Workers Union, had warned that any demotion of Benn would be taken as "a grave affront...
...Labor Party divisions over the EEC. Even now Wilson cannot afford to purge the union-backed left, but the referendum has seriously undermined its claim to speak for "the people." (In South Yorkshire, the strongest Labor county in Britain and the scene of the most intensive union-backed antiMarket campaign, the vote was 63.4% pro-Market.) With his authority thus strengthened in dealing with the unions, Wilson is shortly expected to reshuffle his Cabinet in a way that will reinforce the position of Labor moderates on economic policy...
...wing Laborites who defied Wilson on the Market issue, Industry Minister Anthony Wedgwood Benn stands in greatest danger of being hoist with his own petard. It was Benn who in 1972 first proposed the Common Market referendum. At the time, opinion polls were reporting a solid 2-to-1 antiMarket majority. Benn saw the referendum as an ideal vehicle to propel himself into leadership of a populist left-wing movement that would assert its supremacy over the pro-Market establishment in the Labor Party. With the help of enormous and largely hostile press publicity, he turned the referendum into...