Word: capitalisme
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In Foreign Policy this summer, journalist Reihan Salam predicted that the "macho men's club called finance capitalism" would not survive the present economic ordeal. Provocatively--but correctly--he claimed that this male order rests on foundations considerably older than Ronald Reagan's supply-side revolution. The economic system that...
Ec 10: 1. Introduction to capitalism taught by textbook tycoon and Feldstein heir N. Gregory “Greg” Mankiw and a legion of teaching fellows. Usually the most popular (or at least most taken) class at Harvard. 2. If you’d prefer to not offend...
Anyway, Americans usually don't pay much attention to Energy Secretaries, who tend to be political loyalists with little energy expertise; President Ronald Reagan once appointed a dentist to the job. Since its founding during the last energy crisis, in 1977, the DOE has become a bloated backwater of the...
The U.S., the unquestioned leader of the global economy, is now in the midst of a disorienting shift in economic policy, away from the let-it-rip form of capitalism that has guided it for almost 30 years and toward more overt government control and regulation of huge swaths of...
Indeed, China is increasingly open about both its ambitions and its concerns over U.S. economic policy, given its position as Washington's largest foreign creditor. Beijing never signed on to what became known in the late 1990s as the Washington Consensus on global economic policy, which called for free trade...