Word: free-market
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...changes that have swept Eastern Europe, but hesitates to take the plunge. Moscow's latest five-year economic plan, announced two weeks ago, still retains central control of production quotas and postpones vital price reforms until 1992. Gorbachev denies that he intends to move to a totally Western-style, free-market system. He insists that his perestroika can in time deliver democracy in a one-party state and efficiency in a planned economy...
...stage Five-Year Plan to improve the economy that Premier Nikolai Ryzhkov unveiled last week reflected the tug-of-war going on within the leadership. Ryzhkov made clear that his approach represented a "third alternative" to making minor corrections in central planning or plunging headlong into a free-market economy. Over the next two years, he said, the state intended to use "rigid directive measures" to reduce the national deficit from about 10% to 2.5% of GNP and increase supplies of consumer goods. A real market with varied forms of property ownership would take shape after 1992, he added, when...
...best way to do this is to raise energy prices and let free-market forces do the job of stimulating conservation. First, the federal gasoline tax should be increased substantially -- to at least 60 cents per gal., from the current 9 cents per gal., over the next four years. At the same time, the Government could begin setting up a program to tax the use of all fossil fuels. The size of the tax should vary according to how much carbon is released into the atmosphere when a particular fuel is burned. That would encourage a shift in consumption patterns...
Those doubts were mirrored by the other members of a high-level U.S. mission that was searching for ways to assist Poland in building a free-market economy. Arriving in Warsaw two weeks ago, the delegation of Bush Administration officials, business executives, labor leaders and academics fanned out on scouting trips, touring farms, factories, coal mines and training centers and surveying the Polish telephone system...
...leading foreign policy analyst concluded bluntly, "We should help those in the Soviet Union who are doing the right thing." But is Gorbachev really a convert to those ideals we consider the "right things" -- political pluralism, individual rights and a free-market economy? Whoever believes that will believe Santa Claus is bringing my grandchildren the $150 Nintendo sets I am buying them for Christmas...