Word: capitalist
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...many thousands of millions of crowns." (There are 7.2 Czech crowns to the dollar.) "Consumers have not had a large enough influence on assortment, quality and range of production," the preamble continued, and production is so low that "living standards in this country greatly lag behind those of mature capitalist countries." Frankly admitting that it will take years to shake the economy out of its planning straitjacket, the committee justifies the switch in ringing words: "The development of the socialist way of life has nothing in common with the antiquated ideas of ascetic socialism that do not take into account...
Basically, Washington's economic managers scaled these heights by their adherence to Keynes's central theme: the modern capitalist economy does not automatically work at top efficiency, but can be raised to that level by the intervention and influence of the government. Keynes was the first to demonstrate convincingly that government has not only the ability but the responsibility to use its powers to increase production, incomes and jobs. Moreover, he argued that government can do this without violating freedom or restraining competition. It can, he said, achieve calculated prosperity by manipulating three main tools: tax policy, credit policy...
Piqued by the ideas popularized by Soviet Economist Evsei Liberman, the command economies of Communist Europe are openly and eagerly adopting such capitalist tenets as cost accounting and the profit motive. East Germany, Czechoslovakia and other formerly Stalinist satrapies are cautiously granting more powers to local managers to. boost or slash production, prices, investments and labor forces. State enterprises in Poland, Hungary and Rumania this year closed deals to start joint companies in partnership with capitalist Western firms...
...anybody from a well-known company can win a quick audience. Competition among the Westerners is so ferocious that they seldom talk with each other and prefer to socialize with their Communist customers. This leads to a lot of overeating, undersleeping and hangovers. The Easterners enjoy treating their capitalist guests to marathon meals, brassy nightclubs and the other delights of bourgeois Bolshevism. Says Günter Friedrich, head of Depolma, a German-Polish trading company: "You have to have an enormous capacity for vodka and an endless stock of jokes-particularly political jokes and spicy ones...
...very charitable man." Nevertheless, he set up a $14 million foundation for education in Africa. In 1963, he celebrated the first birthday of his color supplement by flying a group of British businessmen to Moscow to meet Khrushchev. "Under our two systems," Thomson told Khrushchev, "I am a capitalist and have come up, and you're a Communist and have come up." Thomson takes his self-appointed role as a broker between East and West so seriously that he went to Moscow again last September to have a chat with Kosygin...