Word: capitalisme
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A hallmark of capitalism, before the government got involved in what car company and bank executives were to be paid, was that employees could make as much as management felt they were due based on their contributions to the firms where they worked. The best salesman at a company could...
Back when we had a functioning financial system, the guys who ran private-equity (PE) firms stood very near its pinnacle. "The new kings of capitalism," the Economist called them. The kings of birthday parties too: the $3 million 60th-birthday bash for Blackstone Group chief Stephen Schwarzman in February...
Several European leaders who will host Obama are likely to use their meetings with the U.S. President to smooth the political waters at home. In Britain, amid rising unemployment, Brown faces daunting approval ratings and new elections in just over a year. In Germany, Angela Merkel's governing coalition is...
You'd think the center-left would see this week's G-20 summit in London to seek ways of saving the world economy as a golden moment to cement the hegemony of progressive ideas on how to manage capitalism. But when the luminaries of what was once known as...
The challenges may be slightly different in Latin America from those faced in Europe. The main challenge facing the progressive governments of this region is not right-wing laissez faire capitalism, but the more populist socialism epitomized by Venezuela's President Hugo Chavez. "Sometimes the adversary of progressive ideas can...