Word: capitalists
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Dates: during 1990-1999
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...world today is one big capitalist playpen, and there are some pretty good companies in most corners of the globe. Want to invest in the world's largest pharmaceutical company? It's Switzerland's Novartis, not U.S.-based Johnson & Johnson or Merck. Have a taste for the planet's biggest food company? It's Netherlands-based Unilever, not home-baked RJR Nabisco or Sara Lee. Biggest farm-equipment maker? It's Japan's Mitsubishi Heavy Industries, not Caterpillar or Deere. Metal goods? Try France's Pechiney, not Alcoa...
Soros' perspective from high atop Cash Mountain affords him a spectacular view for his societal vision. The irony is that the capitalist society that enabled him to accumulate such a disproportionate share of this planet's wealth is the root of the problem. If Soros wishes to identify the difficulties facing humanity, perhaps he ought to look in a mirror. PAUL AZZARIO Southampton, Bermuda...
...replaced traditional values. Writing in the Atlantic Monthly this year, he warned that the unbridled market is a greater threat to "Open Societies" than totalitarian ideologies. The press torched him. Forbes, which castigated him for dealing with ex-communists, called his thesis "nonsense." Says Soros: "You had a capitalist fool [Steve Forbes, the magazine's owner] combining with the nationalist right--a stupid combination...
This year 1.2 million visitors--mostly Canadians, Italians and Latin Americans--are expected to drop about $1.3 billion on the island, which offers the requisite capitalist vices of beautiful beaches, discos and even golf. There are also a surprising number of Americans, whom Cuban officials wave in through Mexico or Jamaica--no need to get your passport stamped. Even after years of steady growth, the number of vacationers continues to increase 15% annually, the fastest pace in the Caribbean. Tourism has replaced sugar as Cuba's main source of hard currency. That is one reason tourist hotels were the targets...
...thinks the push abroad, and the complementary balancing act domestically, will be easy. Says Bradley Bertoch, a venture capitalist (and nonpracticing Mormon) who specializes in attracting money to Utah: "The church needs to recruit adequate labor to drive its business growth beyond the borders of the U.S. But at the same time it has to make sure that it doesn't lose control of the home ground. It's the same problem of resource allocation in new markets faced by any multinational...