Word: capitalisme
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President Jiang Zemin mediates between these factions, and his statements and actions are often interpreted as a reflection of the balance of power. A little over a week ago, Jiang called for the strengthening of the role of Communist party cells in privately owned businesses - the latest in a series...
"The New Democrats believe that you cannot be a majority party as long as you're anti-trade," says TIME Washington correspondent Jay Branegan. "People like free trade. But most of the party's members still need labor's support to get reelected." Republican leaders, meanwhile, have fulfilled one of...
China's current economic growth is brought about by decentralized business forces, not by the state. The conditions of the Needham paradox are ending. As they do, there is reason to believe Chinese capitalism may be especially dynamic. Even though modern capitalism is a Western invention, Westerners are not the...
There is plenty about our present globalized economic system that should trouble not just aging radicals but ordinary people as well. A financial panic starting in distant money centers can cause you, through no fault of your own, to lose your job, as happened to millions of people during the...
The common goal of the new radicals who gathered to protest policies of the World Bank and the IMF [WORLD, April 24] was best defined by George Soros in The Crisis of Global Capitalism. He theorizes that organizations like the WTO, the IMF and the World Bank are trying to...