Word: capitalisme
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The Democrats need to reach farther back in their history, if they are to remind themselves why they are Democrats, and consider the legacy of the man who created the paradigm in which their party has operated since 1933: Franklin Delano Roosevelt '04. A successful Democratic candidate true to his...
"THE Cold War is over, and we won," proclaimed the Doonesbury comic strip. Countless op-ed columns and political speeches rely upon the same assumption: capitalism has triumphed, and Eastern Europe is about to become the next outpost of Reaganstyle laissez-faire.
The American Right giggles that the disintegration of Eastern European communism has discredited the agenda of everyone who ever sought to ameliorate the human costs of unbridled capitalism.
Brookes writes that "In Budapest and Prague, they are now reading [Milton Friedman's] Capitalism, Freedom and Democracy."
In the words of an old Polish proverb, "Under capitalism man exploits man, whereas under communism, the reverse is true." The solution for Eastern Europe lies somewhere in between, in a system with private ownership of capital, private capital markets, active labor markets, social security and government by the people...