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Word: capitalisme (lookup in dictionary) (lookup stats)
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The problem, in both cases, is the same. Economic reform, though beneficial in the long run, requires sacrifice in the short run. Although the Soviet Union is not yet a democracy, its leaders must nevertheless fear the consequences of popular wrath. One school of thought holds that for this reason...

Author: /time Magazine | Title: Essay: A Grand Bargain For America Too? | 7/15/1991 | See Source »

In the nearly 44 years since India became independent, one vision of politics and society has reigned supreme. It interweaves two powerful strands: Congress Party leader Jawaharlal Nehru's legacy of a secular, socialist government; and the nonviolence and religious tolerance exemplified by Mahatma Gandhi, the ascetic Hindu champion. In...

Author: /time Magazine | Title: India: Mahatma vs. Rama | 6/24/1991 | See Source »

But now that the economy is going through the painful transition from communism to capitalism, Czechoslovakia is learning how hard it is to shut down such an important industry. As many as 80,000 jobs, the bulk of them in the restive and depressed region of Slovakia, depend on it...

Author: /time Magazine | Title: Czechoslovakia: Confronting a Tankless Task | 6/17/1991 | See Source »

Unremitting enmity continued until President Richard Nixon's triumphant visit to Beijing in 1972 set up another false impression -- that China under Mao and Deng Xiaoping was a nation on the road to capitalism and possibly even democracy. It is, of course, no such thing. China remains a police state...

Author: /time Magazine | Title: Diplomacy: Getting China Wrong | 6/10/1991 | See Source »

In May 1990, Professor of Electoral Politics Shirley Williams and others at the Kennedy School founded Project Liberty--an international consortium to help the fledgling democracies to adapt to capitalism and to reorganize political and educational institutions.

Author: By Jodie A. Malmberg, | Title: After the Wall, Harvard's Experts Lend a Hand | 6/6/1991 | See Source »

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