Word: capitalisme
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At the Seattle meeting of the World Trade Organization, the bureaucrats may not have accomplished all that much last week. The chaos that surrounded them did. In this moment of triumphant capitalism, of planetary cash flows and a priapic Dow, all the second thoughts and outright furies about the global...
Not so WTO opponents, who left claiming victory, believing that what they hate about globalization will now come into focus as clearly as the familiar arguments in favor of it--that freer trade creates jobs for everybody and lower prices for consumers. Indeed, free trade has been an important reason...
But the demonstrators of yesteryear opposed military intervention in places like Vietnam, El Salvador and Nicaragua on the grounds that the real problem in these places was not communism but poverty. And the solution was not war but economic assistance. As Senator Christopher Dodd said in a nationally televised 1983...
Despite their poverty, Cubans are eager to buy from the U.S. To the extent Castro allows, they are trying out capitalism, creating new private businesses, from boarding houses to pizza-delivery services, primed by the annual $800 million that family members in the U.S. send them. Many even draw dollars...
Son, 42, isn't some dotcom gold prospector who made a lucky bet. He is a messiah for a new commercial order based on e-capitalism. "Our 300-year plan is the long-term structure we need to fit our goals," deadpans the Netrepreneur. "Long horizons change your priorities."