Word: capitalisme
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If it sounds like brutal, elemental capitalism, it is. But American Express's friendlier, market-dictated face won't appeal to consumers if they can't use the new cards when and where they want. In recent years, AmEx has been chucked out of establishments by owners who were no...
While they now live modestly on Baldomero's 300-peso-a-month pension (just over $3), Maria claims they long ago "learned to scale back for the benefit of the country." Her husband expounds on a widespread theory: young Cubans who never experienced American capitalism are far more eager to...
The naked capitalism of Woodstock '94 ran counter to the professed ideals of many of the musicians who played there. The roster included such "alternative" groups as Red Hot Chili Peppers, Porno for Pyros and Candlebox, which are supposed to be anti-commercialism. Some top alternative acts, such as Pearl...
Most Russians were not buying Mavrodi's antigovernment argument: even such opponents of President Boris Yeltsin as Communist Party leader Gennadi Zugyanov and aspiring presidential candidate Alexander Rutskoi remained silent about the debacle and the government's role. The MMM fiasco has already prodded the government into more energetic regulation...
Russian investors learned some lessons of capitalism the hard way: rumors that MMM, the nation's largest stock fund, was close to collapse sent many of its claimed 10 million investors into a panic. Thousands of stockholders lined up in front of MMM buildings in Moscow and St. Petersburg clamoring...