Word: capitalisme
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U.S.-based businessmen who carp about constantly working under the gun ought to get a look at Fred Eaton. On the roof above his modern office in Caracas, Venezuela, booted militiamen with submachine guns patrol 24 hours a day. They are watching for Communist terrorists who, in a perverse kind...
God in the World. How can they cooperate? Garaudy's answer is that both ideologies are becoming more humanistic. Such Christian thinkers as Jesuit Pierre Teilhard de Chardin, he argues, have restated the old Christian dichotomy of "either God or the world" in terms of a new "God in...
Truth & Consequences. Keynes was born the year Marx died (1883) and died in the first full year of capitalism's lengthy postwar boom (1946). The son of a noted Cambridge political economist, he whizzed through Eton and Cambridge, then entered the civil service. He got his lowest mark in economics...
By applying both logic and historical example to economic cycles, Keynes showed that the automatic stabilizers that economists had long banked on could actually aggravate rather than prevent a depression. If employers responded to a fall-off in demand by slicing wages and dumping workers, said Keynes, that would only...
Contrary to the Marxists and the socialists, Keynes opposed government ownership of industry and fought those centralists who would plan everything ("They wish to serve not God but the devil"). While he called for conscious and calculated state intervention, he argued just as passionately that the government had no right...