Word: capitalisme
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First, of course, we are witnessing the end of communism and beginning to cope with what this will mean for capitalism.
Some heavy gloating on our side is fully justified. But the collapse of communism does not guarantee the permanent, universal triumph of capitalism and democracy.
We have immensely mitigated the harshness of early capitalism, have in fact transformed it beyond recognition; but we have still not solved its basic contradiction. This is not, as Marx thought, economic but psychological: on the one hand, capitalism requires the engine of self-interest -- or greed, if you will...
No sound currency, no foundation for capitalism
Can capitalism take root in Russia? Well, it depends on what you've got for sale. There are few consumer goods available, but selling symbols of the discredited past seems to be a booming business. The West African People's Republic of Benin, bucking the worldwide trend, is said to...