Word: capitalists
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...industry cools off, entrepreneurs are no longer so eager to enter the business and can no longer so readily get financing. Many venture capitalists are shunning computer companies, largely because of mounting losses on recent start-ups. Says Houston venture capitalist Edward Williams: "Compaq and Apple -- those opportunities in hardware have come and gone. It's too risky at the moment. It's an industry that's maturing." Adds Sematech's Noyce: "Nobody's going to be very interested when the last people in it got stung." According to Venture Economics, a market-research firm, the number of computer-hardware...
Defending the introduction of capitalist reforms, Deng Xiaoping once said it did not matter whether cats were black or white so long as they caught mice. Now the Chinese leader is determined that his cats will be red. Four months after his crackdown on the prodemocracy movement, the first tocsin for a "purification" of the Communist Party has been sounded. The Beijing municipal party headquarters announced that all its members must reregister by the end of 1990, and those deemed "hostile and antiparty" will be purged. Diplomats estimate that as many as 50,000 of the party's members...
...beginning to identify other possible issues: ecological and economic problems, industrial and scientific development. Though the New Forum's ranks are filled with a wide variety of socialists, ranging from doctrinaire Marxists to Western-style Social Democrats, they share the goal of a liberalized East Germany, not a capitalist one. "We are not enemies of the German Democratic Republic or a threat to anyone," says Jens Reich, a molecular biologist who helped found New Forum. "We just want the country to get out of its present crisis...
...came to power. Later in the week, Jiang gave a major anniversary address to top party leaders, model workers and soldiers that was larded with phrases from China's Stalinist past. "Failure to stick to the socialist road, while using the blood and sweat of laborers to fatten the capitalist class, will plunge most of the Chinese people into extreme poverty once again," he warned. Referring to sanctions imposed on China by some Western nations, he vowed never to "give up our national independence in exchange for alms...
...think it's not the same everywhere? Of course it is. Corruption is endemic. It's bad in China, sure, but I still say the mainland people are like Chinese everywhere else in the world: turn 'em loose and they'll earn % trillions." A capitalist's faith expressed by a true capitalist. The speaker is Tommy Quan, 55, a millionaire Chinese American from Seattle known as the "orange king" of Guangdong's Taishan County...