Word: capitalistically
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Dates: during 2000-2009
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...truth, there is some good news in Germany, but to unearth it, you have to dig deeper. No matter which coalition takes power in Berlin, a more interesting drama is unfolding in the realm below?in the economy, or the "substructure" of capitalist society, as Karl Marx called it. Industry has ruthlessly cut costs by downsizing and off-shoring. Today, Germany's unit-labor costs have fallen way below those of Italy, Spain and France. While job-protection remains a holy cow, business and labor have quietly agreed to let weekly working hours creep up and paid vacation days come...
...Managing Director, Goldman Sachs (Asia), Hong Kong Despite stunning economic and social progress in the past quarter of a century, the average American still paints China in red: a nation seized by radical communist ideologies. In reality, today's China is a freewheeling and prosperous capitalist economy, rapidly converging on an American-style economic and social system based on entrepreneurship and free trade. President Hu should be China's super-salesman to convince Americans to accept China as an equal partner, not as a threatening enemy...
COUPLE: Ronald (the Capitalist) Perelman and Ellen (the Femme Fatale) Barkin...
...Perhaps an even more important factor is populist backing: leftism is on the rise again in Latin America for a reason, namely the burgeoning feeling around the region that a decade of U.S.-backed capitalist reforms has simply widened an already epic gap between rich and poor-and that the Bush Administration is indifferent to it. As Chavez uses his multi-billion-dollar oil revenues to fund the kind of social projects that Venezuela's legions of impoverished never saw from his kleptocratic predecessors-and to subsidize cheaper oil for his cash-strapped Latin neighbors-more people are willing...
...Hong Kong must adjust to the fact that it is not the only capitalist city or financial center in China, is not the biggest port, is no longer a manufacturing hub or a unique political anomaly in a postimperial age. Can Hong Kong transform itself again, as it did in the 1950s when it became more than a China gateway by turning itself into a manufacturing powerhouse? Or is it destined to become like Rio de Janeiro? Fifty years ago, the Brazilian city was the priciest place on the planet. But it lost its bearings when the bureaucracy moved...