Word: capitalisme
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Just when modern technology has dramatically speeded up the connections between East and West, between developing countries and the rich countries of the world, two nations with more than a billion people each have suddenly embraced capitalism and rejoined the world economy. Hundreds of millions of poor people have been...
Ordinarily, the concept of greed isn't very useful in trying to understand the economy. We are all greedy. We'd all like more. The magic of capitalism turns our individual greed into general prosperity. But maybe an especially virulent strain of greed is spreading, something like bird flu. Maybe...
Maybe these characterizations are unfair. If so, these guys are truly fools. They are trading away something they crave (respectability) for something they have no conceivable use for (more money). They are not fools like the plutocrats who cursed the New Deal while it saved capitalism. American capitalism is in...
The root of Zou's troubles, like so many things in China today, can be traced back to the country's wholesale adoption of capitalism. Market forces were unleashed on what was once a sports system that cared for its athletes from cradle to grave, leaving Zou and tens of...
In his sly and brilliant essay on exchanging credits for carbon use and child abuse, Kinsley has approached the paradoxical level of irony that Jonathan Swift achieved with A Modest Proposal. The logic is flawless, the intent is benign, yet the solution proposed is so repugnant. Perhaps that is the...