Word: capitalist
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...York's Senator Daniel Patrick Moynihan is almost poetic on the subject of the entrepreneurial ethos. "The great corporations of this country were not founded by ordinary people," he says. "They were founded by people with extraordinary energy, intelligence, ambition, aggressiveness. All those factors go into the primordial capitalist urge." M.I.T. Professor Louis Banks takes the next step. It is now plain all across the nation, he says, that many of those business folks do a better job of problem solving than the Government...
...course, HEW is here to stay, as is the welfare state. In part, the Federal Government got into the social services business because a capitalist society, reeling from the Great Depression, seemed unable to respond to pressing human needs, at least not fast enough. But there is now a growing feeling that the private sector has surrendered too much to the public. More and more Americans are objecting not just to the size of their taxes but to how the money is being spent. Today unbounded bureaucracy, consuming ever more of the national income, is a problem endemic...
Teacher George Muldoon, attempting to demonstrate the inner workings of a capitalist democracy, helped his students set up a mock country. A President was elected, magistrates appointed, money printed, laws written and small businesses established...
Since 1974, foreign investments in the capitalist bastion of America have been growing by an average 13% annually, and now total more than $171 billion, or two-thirds as much as the sum of U.S. investments abroad. Moreover, the gap between U.S. investment in foreign countries and vice versa is narrowing. For example, U.S. capital did much to fuel West Germany's postwar economic miracle, but now West Germans invest more in the U.S. than Americans put into the Federal Republic...
...cites his role in the brutal suppression of the April 1976 demonstration in Peking's T'ien An Men Square, which was to pay homage to the dead Chou Enlai, Teng's old partner in pragmatism. At that time, moreover, Wu attacked Teng as a "capitalist reader"-words the mayor must now regret...