Word: capitalisme
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The U.S. 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...
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...
Gray is an interesting man to make that point, because in the 1970s he was one of the intellectual godfathers of Thatcherism, the belief that free markets and red-in-tooth-and-claw capitalism were the essential underpinnings of successful modern societies. Granted, he has been moving away from such...
The Gist: In October 1910, a bomb ripped apart the headquarters of the Los Angeles Times, killing 21. The paper, at the center of a "you must take sides" conflict between labor and capitalism (the broadsheet's owner, publisher and editor, Harrison Gray Otis, detested the former) quickly blamed union...
French leftists have long slammed the U.S. economic system as "savage capitalism," and many a right-wing Gaullist has been prone to agree: in 2005 then French President famously said that "ultra-liberalism" - French parlance for the unbridled marketplace - is "as disastrous as communism." For decades, any episode of turbulence...