Word: capitalists
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...business--be it manufacturing or services--size can bring many good things: clout, easier access to capital, lower costs. Those are what allow a company to keep prices down, provide better service, win business and keep profits up--the favored recipe for large-scale corporate survival in the global, capitalist '90s and a prime driver of the record $919 billion in mergers last year. By comparison, the 1980s (when the press screamed about "merger mania") were strictly peewee league. The biggest single year of deals in the greed decade was 1988, with $353 billion...
Doling out freebies online is more than simple largesse, of course. The plan is to turn a profit real soon. Bohnett is, after all, an M.B.A.-packing capitalist. Like other entrepreneurs who have struggled with the How-Do-I-Make-Money-Online riddle, he figured that the first step was to attract a crowd. He started doing that in January 1995, when he got a friend to hang a camera out of the window of his Beverly Hills office and transmit to the Web live images of a bus-stop bench on Wilshire Boulevard. Oprah featured it and Bohnett...
Perhaps optimal efficiency is the highest economic virtue--I, for one, have no desire to throw off my capitalist chains--but we must not forget about those whom efficiency leaves on the side-lines of American economic life...
...poverty. His entire philosophy privileged the village way over that of the city, yet he was always financially dependent on the support of industrial billionaires like Birla. His hunger strikes could stop riots and massacres, but he also once went on a hunger strike to force one of his capitalist patrons' employees to break their strike against the harsh conditions of employment...
...might call it a second-chance African revolution. What every country striding forward shows is that progress comes first to those who adopt the principles and practices of capitalist democracy. There are some common lessons here that any African nation can learn: free-market economics works, including privatization, entrepreneurship and often the stern measures of wholesale reform to jump-start failed economies. So does agricultural self-sufficiency, starting from the bottom up. And decentralization, spreading development outside urban capitals to the vast rural majority. And women's empowerment...