Word: capitalisme
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Elsewhere, savvy investors might have smelled a rat earlier. But this was postcommunist Russia, where capitalism is wild, woolly and new. The come-on, in any event, had been slick and seductive: pervasive TV commercials that wafted visions of apartments in Paris and vacations in California, and preposterous returns of...
The triumph of capitalism could lead to a global credit crunch
If capitalism has triumphed around the world, where will all the capital come from? That question is the latest to embroil the quarrelsome community of economists, raising fears that the victory could lead to a shortage of funds that will slow growth in the U.S. and abroad. With so many...
His win, along with that of Leonid Kuchma in neighboring Ukraine, was a measure of the deep disillusionment bedeviling many of the 15 republics that used to make up the U.S.S.R. Since the giddy days of 1991, when the republics scattered like schoolchildren at recess, independent life in what Russians...
There was no effort to crack down on "unlicensed" merchandise, nor was there any effort to check for health violations in the Hibachis framed in blue tapestries on an rickety table. No one was getting rich, they were just getting to the next show and feeding and clothing fellow humans...