Word: capitalistically
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Dates: during 2000-2009
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...aware enough of one of the root causes of Brazil's (and Latin America's) new economic crisis. The free-market reforms relied too addictively on foreign capital, which in turn kept local interest rates inordinately high - and eventually snuffed out the very economic growth that the capitalist sales pitch had so loudly promised, not to mention saddling Brazil with massive new debt. "Brazil has become stagnated because we actually became less industrially competitive," Lula insists. "The time is right for the PT because we've been warning people for a long time about the things that are happening...
...Lula, 56, still around, spooking financial markets with the very real prospect that he'll romp home to a first-round victory when Brazilians go to the polls to pick a new president on October 6? The answer may lie in the recent failure of U.S.-backed capitalist experiments all over Latin America, which have left even more of the region's 500 million people mired in poverty. That, and the fact that the erstwhile firebrand leader of Brazil's Workers Party (PT) has in some ways repackaged himself as a Blair of Brazil, moving his party and its policies...
...Instead, in a nation rife with corruption, Lula is known for his probity: The main reason he's ahead in the polls is his pledge to add a sorely lacking social-justice component to the capitalist project. He'd start, he says, with a crackdown on Brazil's epic tradition of tax evasion - especially among the nation's venal elite - a reform that Lula argues also makes good business sense. Brazil suffers from the worst concentration of wealth and governmental power on a continent whose economic and political inequality is rated the world's worst. "Every Real (Brazil's currency...
...zone will be established, Li says, "I am not clear." And in this case, the devil is definitely in the detail. The government plans to deport Li, his factory, and the 500,000 residents of Sinuiju to other parts of the communist country to make way for a capitalist paradise as ambitious as it is bizarre. Li and his neighbors will be replaced by 200,000 model workers, hand-picked for their technical skills, who will populate a city encircled by a yet-to-be-built wall erected to keep illegal migrants out. Within the city limits, a kind...
Dalias' first clever move was to enlist a champion with a gold-plated international Rolodex: Michael Feinstein, a senior principal at Atlas Venture in Boston. Before becoming a venture capitalist, Feinstein had been vice president of marketing in charge of global sales at New Oak Communications, a maker of Internet security devices that is now part of Nortel Networks. Through his contacts, Feinstein was able to entice the business-development director of NetOne to visit WaveSmith at its Acton, Mass., headquarters for a demonstration of its new multiservice switch. The product, which transmits data, voice and video in a carrier...