Word: capitalists
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...pittances compared with the $250,000 annual salaries of Jimmy Carter and the chief executive officer of the average large U.S. corporation. But because Marxist-Leninist societies are short of goods, a comfortable life-style depends less on money than on privileged access to scarce materials and services. In capitalist or mixed economies, by contrast, money usually provides access to luxury...
...even classless China is exempt from the new elitism. After Mao's 1949 triumph, Chinese Communist leaders immediately moved into villas expropriated from capitalist tycoons and, among other things, designated Peitaiho, one of the country's best seaside resorts, as their exclusive playground. Chauffeured cars ferry the wives of high-ranking Chinese cadres to exclusive shops and their
Pragmatically recognizing the key role that capitalist initiative plays in dynamic economies, some ruling socialists have taken steps toward encouraging freer enterprise. Britain's Labor government, for instance, is planning to announce efforts to stimulate individual initiative and investment. West German Chancellor Helmut Schmidt has angered the radical wing of his Social Democratic Party by braking the rate of pension increases and halting the planning of new ambitious welfare schemes, like a costly increase in health benefits. To stop a headlong plunge into bankruptcy, Portugal's Socialist Premier Mario Scares has been uncomfortably forced to restore to private ownership farms...
...social change, the capitalist views such interference as an unfortunate but necessary compromise with an ideal. Recognition of necessity and stirrings of conscience will continue to spur the capitalist to embrace some of those demands for social justice advanced by socialism...
...ongoing debate with the socialist, the capitalist is at a disadvantage, unable to compete rhetorically with socialist idealism...