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Word: capitalisme (lookup in dictionary) (lookup stats)
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An authoritarian economy appeals to many human instincts. It offers stability and security at the expense of freedom and a greater degree of economic (though not political) equality than capitalism. It can provide full employment by creating a surfeit of make-work, low-productivity (and thus lowpaying) jobs. It keeps...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

(16 of 17) perceived differently. And the ability of the command economy to centralize power has an irresistible appeal for otherwise shaky leaders of developing nations. As Moynihan observes, many of the developing nations have an "interest in deprecating the economic achievements of capitalism, since none of their own managed...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

On the historical record, capitalism clearly is more enriching?in every major way. Capitalism, says Eckstein, "is the only engine that has been developed so far that encourages people to be highly innovative, to develop new products and processes." Profit-seeking capitalists have developed all the vital machines of "postindustrial...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

More important, capitalism's superior productivity is not solely a matter of electric toothbrushes and throwaway soft-drink bottles: the system also does better at filling basic human needs like food. Farmers in the capitalist U.S., Canada and Australia grow enough not only to feed their own peoples but also...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

The freedom of capitalist society at its best must be prized above all. True, some dictatorships are capitalist because most of the economy is privately owned. Still, the major capitalist nations all have popularly elected governments that guard the right of free speech and assembly. Capitalism demands, by definition, that...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

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