Word: capitalisme
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The distinguished MIT linguist Noam Chomsky delivered a broad-ranging indictment of the global economic system and American foreign policy in a discussion today at a freshman seminar on capitalism and 20th-century history.
“In the late 19th century, West Africa and Japan were at the same level of state and economic development,” Chomsky told the Freshman Seminar 47v, “Understanding Twentieth-Century Capitalism Through History.”
Although Latin America attracts nowhere near the foreign direct investment (FDI) that Asia or even Eastern Europe does, competitiveness is on the rise among South America's ABC countries--Argentina, Brazil and Chile. Like most other Latin countries, the ABCs were pulled on the economic torture rack during the 20th...
A few years ago, Dr. Daniel Vasella, the Swiss CEO of pharmaceutical giant Novartis, told an American interviewer that his firm was going to have to spend a lot more time talking to NGOs. The journalist's response: "What's an NGO?" Let's hope he knows now. NGOs--nongovernmental...
And it pointed up a fact about Chávez's revolution that chavistas are too reluctant to acknowledge. Venezuela, with its vast oil wealth, can afford to indulge socialism and eschew foreign investment; but most other Latin American nations can't. Their economic growth still depends on the kind...