Word: capitalisme
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As long as America experienced massive and uninterrupted economic growth, Bell's argument implies, hedonistic self-interest could be bought off. There was enough surplus wealth created by the economic system that capitalists could enjoy dividends and workers pay raises; similarly, "special interests," like farmers and government workers, could have...
For reasons having to do with foreign competition, the limits of growth, and the practical impossibility of raising the productivity of the growing white-collar sector of the economy, the days of massive economic growth are over, according to Bell. Bell and his colleagues fear that at this historical stage...
The Chinese party, now in the throes of its own policy and power struggle (TIME, Feb. 23) is still an implacable enemy; last month the Peking press denounced the Kremlin for "restoring capitalism and impoverishing the people." In Yugoslavia, President Josip Broz Tito has ordered mass arrests of people suspected...
Last May, liberal Times columnist Tom Wicker and conservative columnist William Safire agreed that socialism was cruel and against human nature. Safire damned socialism as "anti-city, anti-civilization, anti-freedom." But using the rigors of Cambodian socialism to warn Americans away from considering alternatives to capitalism here is dishonest...
The lies don't happen accidentally. Those who own and run newspapers, like most businessmen and bureaucrats, have a large stake in convincing Americans that challenges to capitalism are threats to our lives and freedoms. Publishers and editors don't need to deliberately lie or censor, although that does happen...