Word: capitalisme
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The common view abroad was that the President omitted the two key elements: decontrol of U.S. crude oil prices so that domestic gasoline and heating fuel prices would rise to world levels (Americans still pay less than one half as much for gasoline and fuel oil as Europeans) and an...
It would be hard to imagine a more vivid contrast to strutting President Tacho Somoza than the cool, unflappable man who has taken his place as the dominant figure in Nicaragua's government. Sergio Ramírez Mercado, 36, is a baby-faced intellectual who attracts little attention until...
Aron does not fret over the specifics of the East-West strategic arms controversy. What he most fears is a loss of nerve among the Western democracies, resulting from a tenacious feeling of inferiority to the Soviet system. Many American analysts would disagree, believing that the U.S. has become complacent...
The new government has eliminated a multitude of licenses and permits, cut back price controls, reduced import duties and trimmed taxes on business profits and agricultural exports. Private managers have been put in charge of money-losing state corporations, and the government has reduced the free and subsidized rice and...
The then socialist government of the Sri Lanka Freedom Party (in coalition with the Communists and Trotskyists) was so discredited by 1977 that Jayawardene entered the election campaign daring to say nice things about foreign investment. When opponents condemned him as the "high priest of capitalism," Jayawardene blithely replied: "Let...