Word: capitalisme
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Dates: during 2000-2009
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China holds more U.S. debt than any other entity either private or sovereign. Whether the communist government is really worried about the value of the U.S. paper it holds or is just making a public insult about the flaws in American capitalism may never be known. What is known is...
There may be another miracle in the making. Because unfettered capitalism is widely blamed for the global meltdown, economists and laborers alike say Brazil has become an example of what Lula likes to call "the financial strategy of the future." By that he means a postideological approach that is equal...
In an interview last fall at the Planalto presidential palace in Brasilia, Lula, 63, told TIME that he wants to "change the world's political and economic geography" before he leaves office in December 2010. It may be futile to stump for a permanent Brazilian seat on the United Nations...
One of the qualities that helped eastern Europeans survive more than four decades of communist rule was a keen sense of irony. The sentiment was on show even as the old system of central control began to unravel and democracy and capitalism rushed in. The summer and fall of 1989...
In the 20 years since, capitalism has transformed the former Soviet vassals. The transition was not always easy. "Shock therapy," slashed budgets and the privatization of state factories and firms stoked corruption and left millions temporarily worse off. But with political stability and reforms (most of them tied to European...