Word: capitalisme
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For a rich, white, elite Harvard student, American style capitalism naturally seems like a bed of roses. Lieber and Bumgartner are prosperous, they can look forward to a promising future, and they do not feel the need to say or do anything that would get them in trouble with the...
Why the well beaten path to the wealthy with only a few small side trails to public service? Two popular explanations prevail. One hypothesis is that today's college graduate is less idealistic, more selfish than his predecessor of a generation ago. He lacks a social conscience and cannot be...
Those who reject capitalism often err in discarding insights of its theory, and in this case social critics mistakenly ignore the simple fact that people act largely out of self-interest. It is not more true today than 20 years ago. It is not too surprisingly, the guiding principle for...
On East-West Tensions. As long as France and Britain had colonial empires, the [cold] war between the U.S. and the U.S.S.R. could not be waged here. Since then, the struggle between capitalism and Marxism has been transferred to Africa. Mostly it is the Soviet Union's fault. Its...
A few touches of capitalism have crept back into the state-controlled Cuban economy. After fulfilling state quotas, peasant farmers and artisans are now permitted to sell their surplus goods at free-market prices. As a result of the mild free-enterprise revival, some Cubans have more pocket money to...