Word: britain
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Dates: during 1970-1979
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Pragmatically recognizing the key role that capitalist initiative plays in dynamic economies, some ruling socialists have taken steps toward encouraging freer enterprise. Britain's Labor government, for instance, is planning to announce efforts to stimulate individual initiative and investment. West German Chancellor Helmut Schmidt has angered the radical wing of his Social Democratic Party by braking the rate of pension increases and halting the planning of new ambitious welfare schemes, like a costly increase in health benefits. To stop a headlong plunge into bankruptcy, Portugal's Socialist Premier Mario Scares has been uncomfortably forced to restore to private ownership farms...
...University Historian Rosario Romeo puts it, "Everyone imagines socialism in his own way." To Senegal's President Léopold Senghor, socialism is "the rational organization of human society according to the most scientific, the most modern and the most efficient methods." To Britain's Labor Prime Minister James Callaghan, it is "a society based on cooperation instead of competition." France's Mitterrand calls it "an élan, a collective movement ?the communion of men in search of justice." In a more colloquial vein, a current hit song in Jamaica, pulsating with reggae beat, teaches: "Socialism is love for your...
...think we've got to give the U.S. and Britain what they and the blacks have always asked for?majority rule. We have accepted this. This was the traumatic step which Rhodesians had to face up to. What more does the free world want from...
Economists today generally agree on one point: many of their old ideas do not work well in controlling that endemic modern problem, stagflation. A stiff dose of Government spending, prescribed by Britain's late Dr. John Maynard Keynes to cure depression, often leads to an inflation high. The monetarist medicine formulated by Dr. Milton Friedman ?take a slow, steady increase of money supply?often produces the economic blahs. The radical surgery of wage-price controls is widely recognized as a palliative at best or, at worst, counterproductive quackery...
Years later in London, Castle finds himself privy to "Uncle Remus," a secret plan whereby the U.S., Great Britain, France and West Germany would aid South Africa in suppressing any revolution by the black majority. In a classic bit of Greenery, Castle and Sarah play suburban dinner hosts to their former hunter, Cornelius Muller, a high South African security official and liaison for Uncle Remus. Muller is a courteous, unflappable professional who leads Castle to recall the warning of an old South African friend: "Our worst enemies here are not the ignorant and the simple, however cruel, our worst enemies...