Word: capitalisme
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Some Western political theorists and even a few Russians think not, and in defense of their belief they have propagated what has become known as the convergence theory. In essence, the theory proposes that capitalism and Communism-driven by the irresistible scientific and technological forces that control modern industrial states...
Convergence prophets argue that the theory has universal application, but contend that it applies particularly to the United States and Russia. Despite their manifest differences, both nations are post-industrial powers grappling with the problems of advanced technology. According to the convergence theory, Moscow and Washington should meet some day...
In some areas, especially economics, there is evidence that the U.S. and Russia have a great deal more in common today than they did a generation ago. America now accepts a degree of "socialism," bureaucratic regulation and welfare statism that would have been considered unthinkable not so long ago. The...
The Nixon Administration's effort to foster black capitalism has not yet resulted in the establishment of many Negro businesses. Critics have generally faulted the Administration for failing to provide a coordinated program of loans and other help to would-be black entrepreneurs. Actually, the difficulty may be much...
In California, as elsewhere, many disaffected rightists turned to Ayn Rand; whose objectivist teachings elevated capitalism from economics to religion. Rand shares Buckley's fear, if not his paranoia, about communism; but she philosophizes that communism can be defeated only by capitalism-the rational, selfish, non-altruistic, objective relationship of...