Word: capitalisme
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But behind the royal reprimand, much of the international media missed what may have set Chávez off in the first place. Chávez became visibly irritated at the summit when Spain's current Prime Minister, José Luis Rodríguez Zapatero - a socialist and Chá...
A debate is raging in Europe over contentious issues like immigration and capitalism, free markets and protectionism. But the dialogue, in this case, is not about farm policy or Chinese manufacturing. It's about soccer.
For decades, this largesse was fairly uncontroversial. Georgians didn't like the sugar program, and Minnesotans rolled their eyes about cotton subsidies, but everyone made sure everyone else got theirs. In the 1970s, the House and Senate agriculture committees cleverly tacked food stamps onto farm bills to solidify the support...
But riffling through details obscures the larger force at work--capitalism's cold efficiency. What Wall Street does is raise money to throw at innovation. Creating liquidity in mortgage markets so that more people can buy houses is not so unlike funneling billions to Silicon Valley in the 1990s to...
Yet that hardly matters. In Tunis, there are now entire new districts of office buildings, with signs announcing the recent arrival of multinationals like Pfizer, Ericsson and Siemens; in October Microsoft CEO Steve Ballmer flew in to weigh new ventures in the country. Amid the pizza parlors, cappuccino bars and...