Word: capitalistically
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...past 30 years. He is referring to the Great Leap Forward and the Cultural Revolution. Both campaigns were initiated to rekindle enthusiasm for Communist ideology. Both episodes turned into disasters. Now China's leaders have seen the light. In its pure form Communism cannot exist; it must adopt some capitalist traits. Otherwise, the "polarization between rich and poor" that Deng speaks of will occur in a drastic way. As China's leader says, "You should give them [the peasants] the power to make money." What is a more important characteristic of capitalism than that? Gerry Heyen Bedford Park, Australia...
...Peking's savvy, Western-style investment bank Led by a former capitalist, a state-owned firm gets around the ponderous bureaucracy to woo foreign investors with a combination of sizzle and shrewd business skills...
...played a lead role in promoting China's capitalist transition, serving as chairman of the Asia Society and chairman of the U.S.-China Business Council, and creating and chairing the International Business Leaders' Advisory Council in Shanghai. The Chinese remain so enamored of Greenberg that this year they honored him with their prestigious Marco Polo Prize for promoting Sino-American relations. "Hank Greenberg is perhaps the best known and most admired American businessman at both top government and top business levels in [India and China]," says Peter G. Peterson, who was an economic adviser to Richard Nixon and has known...
...school kicked off a three-year capital campaign in 2003 with a $25 million donation from Silicon Valley venture capitalist Arthur Rock and a $32 million gift from Weather Channel founder Frank Batten...
...Prahalad argues that squeezing profits from people with little disposable income isn't capitalist exploitation. In fact, tapping the spending power of the poor can reduce poverty, he maintains. Expansion by multinationals into new markets creates new jobs and income earned from those jobs ripples through local economies, creating more new jobs. "This creates a large pool of individual entrepreneurs who are participating in an expanded economy," says Prahalad. "The company makes more profit, and the people's lifestyle changes." The poor also benefit because they have access to services such as banking and insurance that once were denied them...