Word: capitalisme
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Hong Kong's nervous depositors were hardly alone. The shutdown also froze some $400 million of deposits belonging to Beijing-controlled companies, giving China a bitter taste of the risks of capitalism. In Egypt the government fired the board of the country's B.C.C.I. affiliate and sought to recover $400...
It would be wrong, however, to assume this discontent will translate into the demise of Castro and Cuba's brand of tropical socialism. While some 175 million live in poverty in Latin America, there are no beggars on the streets of Havana. The infant mortality rate is 10.7 per 1...
On the economy, Gorbachev's record is, to put it mildly, more ambiguous. He has yet to make the transition in his own mind from communism to capitalism, so he has been part of the problem as his government staggers and lurches from the command system toward the free market...
Reagan was also immensely confident, both about himself and about the ultimate victory of capitalism over communism. Therefore he didn't mind letting Gorbachev take his bows on the world stage. Reagan had trouble comprehending, not to mention caring about, the difference between ballistic and cruise missiles, but he understood...
Now we have real substance -- the terms of Soviet entry into the community of the West. That substance was symbolized in one picture: Gorbachev in London, smiling, surrounded by the seven Western summiteers. That picture mocked the Bolshevik dream of overthrowing Western capitalism. It illustrated the Soviets' desperate desire to...