Word: capitalisme
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Dates: during 2000-2009
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Porsche denied any responsibility for the stock market tumult caused by its announcement. And it sought to assuage its critics by promising to sell shares totaling about 5% of VW back to the market to allow banks to close their positions - at a handsome profit, of course, because Porsche first...
But many leaders-particularly French President Nicolas Sarkozy, and British Prime Minister Gordon Brown-want to go beyond that activity and place the IMF at the center of a reformed, unified, and better-regulated global finance system. Sarkozy has gone so far as to call for the "moralization of finance...
And perhaps most notably, the recent economic slump has meant good news for someone who hasn’t gotten much since the October Revolution: Karl Marx. Apparently, now that capitalism is teetering on wobbly legs, the polemical rhetoric of Das Kapital is looking more and more appealing. Jorn Schutrompf...
Here in Cambridge especially, Bolshevism is in the air. The Revolutionary Communist Party of America—seen regularly handing out leaflets to bemused capitalists in Harvard Square—smells blood in the water. On its website, the group offers a lengthy explanation of how the current financial crisis...
Still, capitalism’s rough periods have allowed Marx to score points. Government Professor Richard Tuck, who leads the Marx-heavy theory course “Social Studies 10,” notes that, “in some interesting ways, people have been Marxists of a sort for...