Word: capitalisme
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Dates: during 2000-2009
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In a sense, there are. China's long economic rise began in the 1980s when the communist government began dismantling inefficient state-owned companies and expanding the private sector, allowing greater scope for unfettered capitalism. But in recent years, the pendulum has begun to swing the other way. Many of...
The sector that is suffering the most is manufacturing, which is dominated by private companies. In 2008 an estimated 300,000 small and medium-sized firms collapsed; from January to March this year, exports fell by 19.7%, putting more pressure on the survivors. "The crisis hits China's private sector...
As co-founder (with George Soros) of the hugely successful Quantum Fund, investment guru Jim Rogers had made enough money by 1980 to retire at age 37. Since then, he has spent his time jaunting around the world, writing books on his travels and investment advice with names like Adventure...
The President almost seemed apologetic. "This may be a slightly longer speech than I usually give," he told his audience at Georgetown University on April 14. "This is going to be prose and not poetry." What followed, as promised, was not poetry. Barack Obama doesn't do much poetry anymore...
Galeano, a Uruguayan journalist, explains how Europe, and later the United States, plundered Latin America's resources and helped create a perpetual state of widespread poverty and wealth disparity. From the obliteration of indigenous people by Spanish conquistadors to the destructive cycles of foreign debt, investment and capitalism, Galeano lays...