Word: capitalist
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...development in the last decade are a technocratic elite, directed by the PAP leadership. Lee Kuan Yew has led his trusted team of talented and brilliant senior cabinet members in ruthlessly creating a totalitarian city-state which is oft-cited in the West as a showcase of successful capitalist development and a paradise for foreign investors. Accompanying this experience is a meritocratic-elitist ideology which is summed up in Lee's claim that Singapore will perish if a jumbo-jet containing 300 of Singapore's top leaders were to crash...
...combination of carrot and stick measures has been responsible for the "success" of Singapore and the continued power of its ruling party. Since the government leaders are aggressive defenders of private enterprise and the free market system, and particularly anxious to integrate the nation into the world capitalist economy as a "global city" and regional headquarters for multinational corporations and foreign capital in Southeast Asia, most of the carrot has been offered to Western and some Asian businessmen, while the stick has been exclusively applied to the working class of Singapore...
...students, he was horrified by the Vietnam War and slowly moved farther to the Left. But he was also shocked when those same students began questioning economic theory as a whole. He had though economics was a trade, with tools that were value-free and effective on both capitalist and socialist problems. Suddenly, he was forced to step back and see neoclassical economics as a system--"a description of the world, an attempt to justify capitalism...
...still in India, in the form of newspaper reports of the 1968 French student-worker revolt, or "the French Almost-Revolution," as Marglin calls it. "One of the central pillars of my system in terms of the lack of relationship between my economics and politics was that the capitalist system was perfect," he says. "There was going to be no change other than making it better at the margins. The crucial change was the belief that things can change, will change. Of course, you can say the French revolution didn't come off, but it came so close that...
...confrontation with the U.S. and with loss of only a handful of Russian lives. During the past year, ideologists writing in Soviet party journals have quietly reflected the Kremlin's glee. In addition to the U.S. disaster in Indochina, they have pointed to reverses perceived as signs of capitalist disintegration. They include the setback to Secretary of State Henry Kissinger's peacemaking efforts in the Middle East, the rise of a Marxist-tinged military regime in Portugal, Greece's virtual withdrawal from NATO, Turkey's anger about American policy over Cyprus and the economic crisis facing...