Word: capitalisme
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Lawrence H. White '77, editor of The Harvard Political Review and a senior economics major, won $100 on July 27 as runner-up in an essay contest on the future of capitalism sponsored by The National Federation of Independent Businessmen.
The Federation required contestants to write on the theme "The Future of Capitalism: the Market Economy vs. the Planned Economy in America's Third Century."
Our fear of the expansion of Communism in Western Europe stems not from its supposed threat to democracy -we have supported several totalitarian leaders sympathetic to U.S. commercial interests-but from our assumption that Communism would eliminate capitalism and individualism, the "American way."
This conflict, old and obvious, is being revived all over the globe today in a revolt against money-against capitalism and the consumer society. What is forgotten all too easily is that money was and is a tremendous liberating force, a great equalizer. It destroyed the old class structure and...
Nowhere do the Communists sound more bourgeois than in Italy, where they hope to gain enough votes on June 20 and 21 to influence, if not control, economic policymaking in the next government. (The Paris-based newsmagazine L'Express recently caricatured French Communist Leader Georges Marchais eating spaghetti with...