Word: capitalisme
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The weak yen has been a prime culprit in Japan's trouble, raising the threat of inflation and putting upward pressure on interest rates. The yen has sagged largely because of the quickening outflow of Japan's immense cash hoard to other countries, where Japanese investors have found investments more...
In a bitter public feud that is a Soviet version of the 19th century dispute between Westernizers and Slavophiles, the new Russian nationalists support the notion of derzhava, a strong state, more than they do individual rights and freedoms. They denounce Western culture, "neocolonial" business concessions and attempts to foist...
Nor did the Central Committee embrace the shift to free-market measures that is transforming other communist states. "Nobody should dream that we are going toward capitalism," growled Castro. "On the contrary, we have to socialize progressively." The committee's new program is actually a continuation of the "rectification of...
The emerging Soviet policy cuts back expensive military commitments in favor of cheaper political solutions, with Moscow exhorting Third World allies to adopt glasnost- and perestroika-style reforms. "The Third World," says Andrei Kozyrev, a senior Soviet Foreign Ministry official, "suffers not so much from capitalism as from a lack...
Randell warned Americans that the even if East Europeans are some-what hesitant about accepting capitalism, economic aid is essential if they are to survive without the traditional close ties to the Soviet Union.