Word: capitalists
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...declaration was released during a period of sensitive anniversaries. It comes 60 years after the signing of the Universal Declaration of Human Rights, which Chinese scholar P.C. Chang helped draft, and 30 years after Deng Xiaoping launched the economic liberalization that would transform China into a capitalist powerhouse. It was also 30 years ago that activists in Beijing posted signs on a Democracy Wall calling for political reform, including electrician Wei Jingsheng's declaration that Deng Xiaoping's campaign for Four Modernizations in agriculture, defense, industry and technology was meaningless without a fifth modernization, democracy. "It's quite a moving...
...Then in the 1980s, as corporate America struggled to compete with a rising Japan, a chorus arose from some economists and business leaders that the U.S. had to ditch its free-market ways for Asia's "state-led" capitalist system. What America needed was to copy aspects of the bureaucracy-managed economy - like its policy of providing state support to favored industries - that seemed such a stunning success in Japan. The American government "can no longer afford not to give more positive guidance" to the economy, wrote Asia expert Ezra Vogel in his 1979 book Japan as Number...
...convictions indicate that China is still struggling to move beyond its unruly early days of privatization. The prosecutions are "a reflection of the cowboy capitalism, the relatively unregulated capitalism that exists in China," says David Zweig, a China scholar at the Hong Kong University of Science and Technology. "Many capitalist in China made their money either through their relationship with government officials or in somewhat shady deals." For those wealthy few, staying on top can prove more difficult than getting there...
What would the great men of old Communist China think of the ones leading today's quasi-capitalist boom? "If Mao were alive, he'd get rid of them all," the Dalai Lama said to a gathering of his followers today. The line got a big laugh and signaled a more forceful tone in the Tibetan spiritual leader's approach to China...
Burden of Debt There cannot be any debt without there being creditors somewhere as well [Nov. 3]. Yet, from what we read and hear, it seems that the whole world owes money to no one knows whom. If our capitalist governments have been socialist enough to use public money to pay for private debts, perhaps they might also be socialist enough to address the issue of fairness in the distribution of wealth. It's time we stopped the robber barons getting too rich. Tony Attanasio, MANDELLO DEL LARIO, ITALY