Word: capitalisme
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Unfortunately, Greider's solutions could well do more harm than good. He hails West European efforts to protect existing jobs, but doesn't deal with the fact that those policies make employers reluctant to create new jobs, thus driving unemployment rates in those economies to postwar highs. Similarly, his schemes...
He does, however, make a convincing argument that the blows of rapid economic change fall most heavily on those least able to absorb them, and that it makes sense, both economically and politically, to protect those people. He reminds readers that the economic dislocation of the '20s and '30s opened...
Germany's unemployment rate reached a post-war high when it recently rose above 12 percent. Incidents of xenophobic violence have increased steadily since capitalism spread into East Germany.
MOSCOW: Staging his long-awaited return to the helm of a foundering Russia, Boris Yeltsin proved at least one thing: h e has been paying attention. Addressing both houses of parliament in a nationally televised State of Russia address, Yeltsin provided a long and unsparing litany of Russia's ills...
Chinese capitalism was born in the rural farmlands when Deng permitted the provinces to dismantle their communes and collective farms. Peasants raced to divide up plots of land for private tilling, harvesting record crops and selling them in private markets. In no time, residents of tiny villages like Fenghuang in...