Word: capitalist
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...independence, Lord Soames flew off to Mozambique late last month. There, in the capital of Maputo, he indicated that Britain would help President Samora Machel rebuild the war-shattered rail line from the Rhodesian border to the Mozambican port of Beira. Someone asked Machel: How did aid from capitalist Britain square with his Marxist principles? "Our Marxist principles stand," he replied, hoisting a glass of French champagne. "Don't you like drinking champagne in a Marxist country...
Cross said another reason for the failure of attempts at economic development was simply that "most Indians still have little knowledge of the capitalist or entrepreneurial system, except that they have been exploited...
...same model indicates that to achieve a dramatically lower core inflation rate by 1985 (say a drop to 6%) by demand management alone would require near depression conditions, e.g. unemployment over 10% for the whole period. That would seriously damage the economy, probably radicalize the electorate, and imperil the capitalist system. Fiscal and monetary policy alone, then, will not solve our problems...
Early in the 20th century, Japan and Russia stood at approximately the same stage of economic development. Japan went the capitalist route and acquired Asia's highest living standard. Russia went the Communist path and has never produced consumer goods of quality or sufficient agricultural output...
...will climb only fractionally, to not much more than 2% of the labor force. Though Westerners might well find the consensus system stifling, opinion polls show that most Japanese are satisfied with their lot. Altogether, Japan continues to do much better than most of the rest of the world, capitalist...