Word: capitalisme
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In the wake of the summer’s subprime mortgage meltdown, Harvard economists are divided on the course of action Federal Reserve Chair Ben S. Bernanke ’75 should take at the Fed’s upcoming policy meeting. Subprime mortgages—loans which banks make...
Some wonder, though, if that is enough. John Paul II may have raised the bar forever on what we expect from a Pope. His central role in undoing Communism, critiquing capitalism and calling on world religions to actively seek peace made the last Pope a major global player. One can...
Fifty years on, the name Edsel remains shorthand for hubris and collapse, a mal mot of capitalism, right up there with New Coke, Betamax and Pets.com Except that Edsel was a real person and a pretty good one at that. On this, the anniversary of his maligning, it feels like...
"Anglo-Saxon capitalism" is no longer an epithet in the Elysée. But the reality is, well, very French: leave the driving to the state. Let's have "national champions," such as the giant merger between two utilities, Gaz de France and its rival Suez - essentially a monopoly under...
As it happens, we already have a system for inducing truly voluntary activities that benefit the public. It's called free-market capitalism. It works this way: if you need something done, you offer enough money to induce someone to do it. There is no need for inspiration or other...