Word: capitalisme
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Chile's foray into "capitalism" on the neo-liberal model began in 1973, when the democratically-elected left-wing government of Salvador Allende fell at the hand of a supposedly pro-free-market junta. The Soviet Union began its "market reforms" under Gorbachev in the mid-1980s. In the late...
Russia and Chile are thus depriving their lower classes a freedom essential to their own well-being and the well-being of their nations' economies as a whole. While Chile's corporatist capitalism allowed a flood of consumers goods to enter the country, putting all its eggs in the big...
A specter is haunting China -- the specter of capitalism. But the octogenarian leaders in Beijing don't come right out and say that. They call their bugaboo "peaceful evolution," an innocuous-sounding code phrase for what they think is an onslaught led by the U.S. to overturn their socialist system...
But talk is cheap. Desperate times call for desperate solutions. Harvard needs to drastically rethink its fiscal policies, to reconceptualize solvency in a heartless age of global capitalism. With that in mind, we offer eight ideas for Harvard to raise money.
"I helped convince him that the free market was the way to go," Houthakker says. "He took a more favorable view of capitalism than most had expected."