Word: capitalists
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Dates: during 1990-1999
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Only a few old functionaries have prospered since unification. Hartmut Lehmann, a veteran engineer with the Transport Ministry, made plans in 1989 to start a construction business in Hungary where, he says, "capitalist trends had already begun." Unification changed his mind: he stayed at home to found Economy & Market, a monthly journal aimed at eastern Germany's new entrepreneurs, and a construction firm with 200 workers. He recently bought the old East German trade-union newspaper Tribune for a mere $85,000, converted it into a nonpolitical daily and moved to make it more efficient and profitable by replacing...
Pyongyang's decision to join the U.N. is a glaring admission that its isolationist policy has been checkmated by Seoul's smooth cultivation of North Korea's main patrons, Moscow and Beijing. Anxious to extend burgeoning economic ties with capitalist -- and prosperous -- South Korea, neither the Soviet Union nor China is eager to oppose South Korea's application for U.N. membership, leaving North Korea little choice but to seek a seat as well...
America's health-care system needs to become both more socialist and more capitalist. The goal is socialist: equal, universal coverage. But the techniques of capitalism can make it possible. The private-sector health-care industry will not necessarily like these techniques. Doctors, hospitals, pharmaceutical companies and medical-equipment manufacturers have all thrived under the present worst-of-both-worlds system...
...openers, Gorbachev is in effect applying for membership in that exclusive capitalist club, the G-7 (the Group of Seven major industrial and financial powers -- the U.S., Canada, Britain, France, Germany, Italy and Japan). After dropping some heavy hints, the Soviet President last week came right out and asked for an invitation to the G-7 summit meeting to be held in London in July. There he could make his pitch in person to the leaders of the countries that could supply the grants, loans and credits he seeks and try to reassure them that the money would...
...Soviet President began by indirectly asking the West to help him plan an economic makeover. He gave his blessing to a mission by Yavlinsky to seek the advice of government and private economists from the capitalist world in drafting a coordinated program of foreign aid and internal Soviet reforms. The idea is to use the aid to finance the creation of a true market system in the U.S.S.R., which would inevitably open the economy to the influence of foreign governments and such aid-granting and -monitoring institutions as the World Bank and the International Monetary Fund. Yavlinsky spent last week...