Word: foolishness
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Dates: during 1980-1989
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After reading of the KGB's brutal methods for repressing other countries, I realize how foolish and naive those liberals are who believe the Soviet Union wants peace. The U.S. is hardly responsible for the arms race or the instability in the world...
...biggest threat to American business is not Japan. It is pennywise, pound-foolish executives like William Agee who squander money on wasteful corporate mergers. For him to be skewered by his own ambition is poetic justice...
...these gains have cost us dearly in economic hardship. A market that takes ten years of slow economic collapse to reduce demand in response to a rise in prices cannot be called "free." It would be callous and foolish for us to ignore the gross imperfections in the oil market, and make the US government play OPEC just to make us less vulnerable to the real OPEC...
TRYING to achieve energy independence through artificially high oil prices would be foolish because it wouldn't work. The recent history of the auto industry exemplifies the clumsiness of high prices as a mechanism to promote conservation. Detroit continued to manufacture gas-guzzlers long after gas prices soared, as auto executives balked at the massive investment required to switch to making smaller cars. Higher gas prices made consumers prefer more efficient cars, but the cars weren't available until years after the consumers wanted them, and then only after the government required the car companies to improve the mileage...
...Daley's machine. Elections do not run on compromises, but city governments do. In order to units all of Chicago's ethnic and racial communities, Washington might be tempted to deal with "the boys in city hall." The machine has been wounded by his victory, but Washington would be foolish to believe that loyalties to Byrne or the Daley family will just die away. Indeed, should Washington take this approach, the transition from Byrne and the traditional Irish power base to Washington's newly strong Black support may go smoothly for all concerned...