Word: capitalisme
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The battle over educational vouchers blurs ideological lines by pitting theorists of the right and the left against cautious centrist reformers and the custodians of the educational status quo. The idea was popularized by economist Milton Friedman in his 1962 conservative classic, Capitalism and Freedom. Liberal activists then gave the...
Leftist radicals who think capitalism thrives on war must have wondered what on earth to make of last week. The prospect of combat in the Persian Gulf touched off something resembling panic throughout the financial world. Stock prices sank rapidly in New York City, Tokyo, London, Paris, Frankfurt. At the...
That openness is yet to be reflected in textbooks, which have not been replaced. Modern dictionaries explaining high-tech and slang words are not available; geography teachers complain about a lack of up-to-date maps. "We learned about the working classes' victories over capitalism," says Annegrit Wernicke, 16. "But...
And such pedestrian sentiments were fully reciprocated by a growing part of opinion in East Germany. Citizens there, used to safe and easy jobs, subsidized rents and cheap food, began to panic about the pitfalls of capitalism. They also resented the idea that the fruits of 40 years' labor had...
As capitalism brings new wealth and competitive pressure to Eastern Europe, many people may decide to head for the beach. To accommodate them, Paris-based Club Med plans to open a resort next year on the Black Sea coast of Bulgaria (pop. 9 million). The facility will include a 600...