Word: capitalisme
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Karl Marx theorized that capitalism was condemned to repeated depressions because of "cycles of overproduction." Marx may have got some of the details wrong: he thought the workers would be unable to buy goods because their wages would be continually pushed toward subsistence levels. Now it's more likely that...
Our country does indeed waste energy. But it's not the family that uses their stove to cook food, their furnace to heat the house, and their washer and dryer to clean clothes that should suffer because of that. Sometimes we can't simply close our eyes and hope that...
Democracy may be weak and feverish in Florida this week, but rest assured that capitalism is in fine health. As the weekend approaches in Tallahassee, legions of journalists have learned that they will lose their hotel rooms today - due to the upcoming Florida-Florida State football game, which has always...
Sachs then began his talk by recommending Soros' new book, Open Society: The Crisis of Global Capitalism Reconsidered.
Sachs said that global capitalism neglected the needs of the world's poorest countries.