Word: capitalisme
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Is it ironic and unjust that Bill Clinton stayed in a four-bedroom suite at the Waldorf-Astoria last month for the United Nations' 50th anniversary that cost America $6,000 per night, at the same time that babies in Detroit or Los Angeles were being born into poverty so...
Lately, there has been a trend in America that seems to be shifting this country away from the true ideals of capitalism and democracy, namely that everyone has an equal opportunity to excel, and that this country is run for the people and by the people. The House of Representatives...
From the perspective of Harvard students, however, it looks as though capitalism is fulfilling its purpose. After all, jobs and medical care will not be a problem for the privileged few who graduate from Harvard University, because we have worked our way to the top. But lately the possibility of...
Certainly that efficiency brings benefits. Some economists say if more of the benefits were quantified--if we could say how much more bang-per-buck you would get from Windows 95 than from dos 3.0, or from a new CD player than from an old, no-frills model--the official...
As it happens, a classic treatise on these sorts of upsides and downsides of capitalism was written by the same economist who invented the misery index--Arthur Okun, Chairman of Lyndon Johnson's Council of Economic Advisers. In 1975 he published a book called Equality and Efficiency: The Big Tradeoff...