Word: decontrol
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Dates: during 1980-1989
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There is no shortage of suggestions on what Gorbachev should do. Western economists advise some breathtakingly sweeping changes: decontrol prices, end huge state subsidies, expand the private sector, open a capital market with realistic interest rates. Soviet specialists call for something more elusive: effective leadership. Says Oleg Bogomolov, director of Moscow's Institute of Economics of the World Socialist System: "To sustain perestroika, a new speedup, more radical change, is required." Gorbachev, adds Ambartsumov, "talks too much and doesn't carry through his decisions...
...City Council orders the preparation of a home-rule petition backed by some owners of rent-controlled buildings to decontrol certain apartments as they become vacant. Small property owners in the city say the move will give them protection from wealthier tenants, but rent-control activists say the move would, if passed, cripple the city's affordable housing supply...
Beginning last spring, Beijing mandated a new push to decontrol the prices of such commodities as popular-brand cigarettes and liquor. Prices were allowed to rise from artificially low levels, often set as far back as the 1950s, to whatever the market would bear. But the plan covered only about half of all commodity prices. The rest, including those of such agricultural staples as rice and other grains, have generally remained fixed under the old rules. This two-tier approach has led to some economic absurdities: farmers, for example, must buy fertilizer at high, decontrolled prices but sell their grain...
This Sullivan argues that rent control imposes hard and often absurd burdens on small landlords, and he supports a system of "vacancy decontrol," which would allow an owner to stop renting a controlled apartment after the tenant left. Supporters of the current system, however, say David J.'s proposal would both reduce the housing stock and encourage landlords to use devious means of getting tenants to move...
...export-decontrol momentum is building. In a notable change of philosophy, the U.S. recently went along with a COCOM decision to remove controls on shipments of personal computers. Likewise, the two trade bills approved by the House and Senate both contain provisions that would prevent the Government from restricting U.S. sales of high-tech items that other industrial nations already sell on the open market. The movement will no doubt meet some resistance. North Carolina Republican Senator Jesse Helms is threatening to block the confirmation of C. William Verity, President Reagan's nominee to become Commerce Secretary, on the ground...