Word: capitalist
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Socialism has spurred Western democracies to examine the inadequacies of the capitalist system. But today the record of socialism deserves even more careful scrutiny than that of capitalism. In whatever form, socialism makes far greater claims and far more sweeping promises than capitalism does, which is a major reason for its wide appeal. But socialism rarely lives up to its promises. Stalin's Gulag and Mao's violent Great Proletarian Cultural Revolution?which represents socialism in its extreme form?give the lie to the Marxist claim that it is necessarily capitalism and not socialism that enslaves the human spirit. Economically...
...socialists reject what they consider the wasteful anarchy of the capitalist marketplace and seek in different ways...
There are, of course, nonsocialist countries that grossly violate civil and political rights. Witness Iran, Chile or Haiti. Yet it is surely more than coincidence that the only functioning democracies are found in capitalist or mixed-economy states, while authoritarianism is firmly installed in every socialist country, with the exception of the social democracies. This has prompted deep self-searching by many socialists. Says Asoka Mehta, India's leading socialist thinker: "Socialism is an attractive goal, but concentration of power is as dangerous as concentration of capital." Oxford Research Fellow Leszek Kolakowski, a dedicated socialist who left Poland...
...hard work in a cold, rugged land or primarily from the social-democratic policies pursued by the ruling Labor Party of Premier Odvar Nordli is unclear even to Norwegians. Confesses Sverre Badendyck, a retired sea captain now employed as a shipping inspector: "We think we live in a capitalist country. Or at least in one with a mixed economy, with a socialist government trying to make it more socialist. But we honestly don't know what we have...
Central planning with an old capitalist trick...