Word: capitalisme
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Another possible repercussion: a reexamination of the freewheeling, free-market practices - what the French like to call "Anglo-Saxon capitalism" - that led to this crisis. French President Nicolas Sarkozy kicked off that debate as Wall Street was reeling from the collapse of Lehman Brothers and Congress was first debating the...
The federal government can and should encourage buyers to head back into the real estate market by announcing that people who buy a home during the next year will be exempt from federal income tax if and when they later resell that home for a profit. Driven by the profit...
"We want to put down the foundations of a capitalism of the entrepreneur and not of the speculator," Sarkozy said in calling for an international summit to start a new postglobalization era of economics. "We want transparency, we want moralization. We want the creation of value. We want people to...
In Beijing and Shanghai today, the famous rhetorical question posed by a British textile tycoon before the Opium War—what if every Chinese added just one inch of fabric to their clothing?—has found new meaning as a generation of Chinese artists now ask What...
So you think we should just let the banks fail? You don't think it was under-regulated, free-market capitalism that got us here? In a free market, these weak banks wouldn't be around. Pushing home ownership and low interest rates irrespective of risk is what got us...