Word: capitalist
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Dates: during 1990-1999
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...long the victim of historical circumstance, Africa is finally a beneficiary. The end of the cold war freed countries from 30-odd years of disastrous involvement in the superpowers' proxy conflicts. Old ideologies crumbled, taking with them the failed socialist methods of Marx and opening the way to capitalist reforms. The demise of apartheid gave the continent a huge psychological--and economic and political--boost. A generation of African leaders who grew up to despise the exploitation of postcolonial dictators and kleptocrats has begun to supplant them...
...might call it a second-chance African revolution. What every country striding forward shows is that progress comes first to those who adopt the principles and practices of capitalist democracy. There are some common lessons here that any African nation can learn: free-market economics works, including privatization, entrepreneurship and often the stern measures of wholesale reform to jump-start failed economies. So does agricultural self-sufficiency, starting from the bottom up. And decentralization, spreading development outside urban capitals to the vast rural majority. And women's empowerment...
...regular crowd still frequents the La GrangeStreet strip bar on most early evenings. Theowners of The Glass Slipper attribute theirstaying power to the invisible hand that guidesall capitalist markets...
...going to say something that will shock many people living in the city of Cambridge: the United States is a capitalist country. In a capitalist system the basic questions of economics are answered, for the most part, by the market. These questions are what, how and for whom to produce goods and services. Capitalism guarantees that all stores, to earn a profit, must meet the demand of some consumers. However, each store will not necessarily sell a good or service that everyone in the community demands...
What about Gifford's deep-seated fear of a Starbucks on every corner? As I have noted, in a capitalist system there will be as many Starbucks as--and no more than--the market will allow. And what is she afraid of, anyway? Simply that if the state planning boards fail to keep out fast food, there will be stores in the Square she (to hell with everyone else!) doesn't want to frequent...