Word: capitalisme
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The Soviet Union may be more outward-looking under Mikhail Gorbachev, but a feature on Moscow television last week was nonetheless a stopper. The news program International Panorama showed a favorable five-minute report on McDonald's. Filmed at one of its restaurants in New York City, the segment highlighted...
But much more than mere pandemonium is taking place. Behind the unusual eruption of financial sound and fury, an electronic upheaval is sweeping Wall Street, drastically reshaping the way stocks are traded and business is performed in the U.S. and around the world. At the center is a wave of...
To others, the whirlwind of activity seems more like a new variation on Mark Twain's Gilded Age, a time of reckless speculation and profiteering. Amid the hubbub of buying and selling, a host of probing questions are being asked about the stock market and its relationship to U.S. capitalism...
The India specialist says his current interest is in the social history of Indian capitalism, especially the 18th century merchant trade economies. "I started out being interested in 20th century history, and I've been tracking back. Now I'm in the 18th," he says.
Scholarship on India today is beginning to look beyond the effects of British imperialism, Washbrook says. "There is increasingly a generation gap among Indian scholars. The older ones, both Indian and British, sees the issue as nationalism versus imperialism. The younger generation, of which I am a part, sees the...