Word: capitalisme
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Recalling that in an interview with CNN in May 1996 he had the "audacity to challenge conventional wisdom [by stating] that within two to three years Suharto will be gone," he attributed the ex-president's recent fall on rampant corruption, crony capitalism and on the flawed policies of the...
Positive externalities to the struggling central business districts of our cities, and excitement about the local sports team. Entrepreneurship, gains to trade, capitalism.
In his speech, Patten discussed topics ranging from Hong Kong's significance to China's influence on the future of capitalism.
After Patten finished, several audience members questioned the idea that democracy and capitalism are compatible given Asia's current instability.
Patten responded that capitalism and democracy were only tools for ultimately creating a free society: "I don't believe capitalism is enough, and I don't believe democracy is enough," he said.