Word: capitalisme
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James Allen Johnson's March 9 editorial on the virtues of capitalism was a hilarious but depressing example of what happens when gullible undergraduates apply the toys we are given in Social Analysis 10: "Principles of Economics" (Ec 10) to the real world. What is taught in Ec 10 has...
Zhu, who served seven years as Vice Premier, earned his credentials as a hero of socialist capitalism beginning in 1993. Paramount Leader Deng Xiaoping's invocation for the Chinese to get rich quick had touched off a frenzy of entrepreneurialism that threatened to engulf the country in inflation and debt...
CAPITALISM
The 1990s, however, have indeed been a period when the great arguments about how society should be organized seemed settled. Democracy blossomed in South Africa and Russia; even Vietnam embraced capitalism. Nevertheless, life has not been boring. If the melodrama of history has been subdued, the melodrama of technology burns...
Technology, democracy and capitalism, the themes of this decade, interreact. PCs may have been born in the '80s, but the productivity payoff came in the '90s. (It took 10 years to figure out how to use the damned things!) Thus technology added mightily to this decade's prosperity, which reinforced...