Word: capitalists
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...weakening the power of the bureaucracy - not expanding it - one of his primary policy goals. Asia has also become a leader in promoting free trade, as a proliferation of free-trade associations (FTAs) continues to push back the power of the state. India, another country fingered as a state capitalist, inked landmark FTAs last year with South Korea and the 10-member Association of Southeast Asian Nations (ASEAN). (See pictures of the global financial crisis...
...well. Despite all the talk of state capitalism, Beijing's leaders continue to liberalize the economy. In January, a free-trade agreement between China and ASEAN came into full effect, creating a free-trade zone with more potential customers than NAFTA. China's State Council also approved the very capitalist practices of short selling of stocks and futures trading. The big question about China-style state capitalism is not whether other nations should mimic it to compete in a changing world economy. The real issue is whether China's state capitalism can withstand the pressures imposed by a changing world...
...lack of any such Harvard initiative is surprising, especially considering that, over the last few years, a general consensus among everyone from the line worker in Detroit to the silicon valley venture capitalist has been brewing in affirmation of the fact that renewable energy is the wave of the future. In his latest book, “Hot, Flat, and Crowded,” New York Times columnist Thomas Friedman asserts that “Green is not simply a new form of generating electric power; it is a new form of generating national power.” The race...
...Timothy Geithner, the former New York Fed president who helped bail out AIG and other failing firms - is too close to Wall Street. Bringing the legendary gray eminence in from the cold - Obama called his plan to ban proprietary trading by commercial banks "the Volcker rule" - not only lent capitalist gravitas to populist bank-bashing but also reinforced the message that the Administration will not be outflanked in its assaults on Big Finance. That hasn't always been the case...
...February 7th, “All My Sons” has not felt so timely since its 1947 debut, owing in part to the current national culture of profit-hungry egocentricity. While the main action is set just after World War II, the play’s examination of capitalist greed and personal culpability is all the more relevant in today’s society...