Word: capitalisme
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I tried to demonstrate that capitalism, freedom, and art are related and, in fact, inseparable. I thought that a home-run hit by Babe Ruth was, in some sense, comparable to The Waste Land, the revolutionary and explosive poem published in 1922 by T.S. Eliot...Cash, of course, made possible...
China's Deng Xiaoping, TIME's Man of the Year in 1978, boldly delivered on his promises to open the Chinese economy and bring the world's most populous nation into the political and economic mainstream. The reforms that had allowed a small degree of capitalism and entrepreneurship in the...
Government legislation, as opposed to pressure from the private sector, will only aggravate inequalities which capitalism creates. The long-term cost of instituting government agencies to oversee the distribution of wages in the corporateworld would outweigh the advantages completely and would render the legislation very unpopular.
Quixotic in the scope of their vision, the Catholic Bishops are essentially telling Americans that Christianity is incompatible with capitalism as it is currently practiced in the this country.
But if a counter-pastoral letter written by a group calling itself the Lay Commission on Catholic Social Teaching and the U.S. Economy is any indication, then Americans just might not be ready for the radical changes called for by the Bishops. Jointly headed by former Treasury Secretary William E...