Word: corporatists
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Dates: during 1990-1999
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Russia and Chile are thus depriving their lower classes a freedom essential to their own well-being and the well-being of their nations' economies as a whole. While Chile's corporatist capitalism allowed a flood of consumers goods to enter the country, putting all its eggs in the big business basket made Chile extremely vulnerable to the recession of the early 1980s...
Russia seems to be taking a similar corporatist tack in its free market reforms. As it ignores the needs of small businesses and entrepeneurs, the government is concentrating on converting large military industries to consumer production. Like Chile, Russia will ultimately find this corporatist strategy increases the wealth of its citizens only marginally. The most wealthy members of society will benefit, and some industrial workers will retain their jobs. But the economy as a whole will gain little if the entrepeneurial base remains marginalized...
...CALL CHILE and Russia "capitalist" or "free market" in their reforms ignores the market that really matters. If Russia wants to emulate the economic successes of the United States (or even of Rumania) it should move away from the Chilean corporatist model. The free market, to function well, must be free for all, not just for a select few big businesses chosen at random by bribed bureaucrats...
...afraid to admit fallibility. Consensus must be built, compromise forged, and accomodation sometimes granted. The executive board must chart a course for the club that involves as many Republicans at Harvard as possible without attempting to force unanimity among its ranks. We Republicans are not members of some corporatist movement and do not have to march in step behind an authoritarian few. We should not be in the business of presenting a united front to combat an imaginary leftist enemy...
...indictment of this view, but a vindication. It is true that Eastern Europeans tossed out the communists, a move that everyone should applaud. But as they look for alternatives, they aren't looking to Reaganism or Thatcherism. The most commonly cited models for a post-Stalinist Eastern Europe are corporatist Austria and social democratic Sweden...