Word: capitalistically
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Dates: during 1950-1959
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...filled your Oct. 28 issue with live examples of the "Capitalist Challenge." What greater contrast can you offer than West Germany and Ludwig Erhard as free enterprise and France and Socialist strangulation? It looks as if your report should be made available to all politicians who would sell their heritage for a mess of pottage...
...Just Vanguard . . . But it was the Soviet satellites that proved to be in the vanguard." Then, all joviality abandoned, Nikita Khrushchev made clear his intention of using Russia's new technological power as an instrument of international blackmail: "We would like a high-level meeting of representatives of capitalist and socialist countries to take place so as to reach an agreement based on the consideration of true reality...
Misconceptions & Misunderstandings. "The existence of the so-called anti-capitalist attitude," said Miguel Cuaderno, governor of the Central Bank of the Philippines, "may be attributed to misconceptions, or to the lack of understanding of the conditions, motives and aspirations of the people in the newly developing countries of the world. Considering the magnitude of the capital needed by underdeveloped areas, it is surprising that some of these less-developed countries appear to be reluctant or even opposed to foreign investment. This attitude has given rise to the belief that these countries are anti-capitalist...
Cuaderno himself is firmly convinced that free enterprise would bring backward countries more benefits than state-controlled economic systems. "Why, then, it may be asked, should the freedom-loving people of some underdeveloped countries entertain any misgivings about the capitalist or free-enterprise system?" The chief reason, said Cuaderno, is that they remember the years of foreign domination under the colonial system. Actually, said Cuaderno, the underdeveloped countries are not anti-capitalist at all; they are just nationalistic−and understandably so. They want to be the bosses of their own industries. They prefer loans from foreign governments to foreign...
...myself," said Capitalist Masani, "hold the view that the country that gives a grant or loan has a right to attach conditions which in its opinion make for honest, efficient and productive use of the assistance. On the other hand, there should be nothing done that appears to question the right of a country democratically to determine the structure of its own industry or economy. Any suggestion that an attempt is made to export a country's economic philosophy is one that needs to be scrupulously eschewed...