Word: capitalistically
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DIED. RONG YIREN, 89, the original "red capitalist" who helped open China's economy to the world; in Beijing. Rong, who opted to stay on the mainland after the 1949 communist takeover while other industrialists fled abroad, was forced to sweep streets and haul coal during the Cultural Revolution before he was rehabilitated by Deng Xiaoping to help promote international commerce during the economic reforms of the 1980s. His China International Trust & Investment Corporation became a key player in attracting foreign capital, and although the billionaire was never a member of the Communist Party, he served as China's Vice...
...DIED. RONG YIREN, 89, the original "red capitalist" who helped open China's economy to the world; in Beijing. Rong, who opted to stay on the mainland after the 1949 Communist takeover while other industrialists fled abroad, surrendered his business interests to the state in 1956 and took up a series of prominent government posts. Forced to sweep streets and haul coal during the Cultural Revolution, he was later rehabilitated by Chinese leader Deng Xiaoping to help promote international commerce. In 1979 he founded the China International Trust & Investment Corporation (CITIC), a key player in attracting foreign capital...
...horror isn’t necessarily your thing, it’s hard to argue satisfaction with the state of American horrors. Particularly in this time in our history—with a dirty war going on, outbursts of neo-conservative social injustice everywhere, and a pervading sense of capitalist malaise—where are the films that mirror our cultural situations in the manner of “Invasion of the Body Snatchers” as a metaphor for Communism? The beginning of the AIDS crisis and the rise of new reproductive technologies set off waves of nutty horror...
...like that? If you follow conventional wisdom, Apple is doing it all wrong. Try to do everything at once, and you won't do anything well. Worse, the way Apple operates is not how you're supposed to foster innovation, or not in the U.S., anyway. Under the traditional, capitalist, Adam Smithian model, new and better things arise as a result of freedom and open competition, but Apple is essentially operating its own closed miniature techno-economy. What is this, Soviet Russia? Why not license Mac OS X to Dell, see what hardware it comes up with...
...jewelry will soon be added to the mix. If that's not prestigious enough, some new clubs offer a rotating selection of vintage cars or the latest extravagant ones. "I believe this is a game-changing business model," says Adam Dell, brother of computer magnate Michael and a venture capitalist who in June invested an undisclosed amount in Bag Borrow or Steal. "Ownership is something that consumers are beginning to recognize as a fleeting thing...