Word: free-market
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...delicate challenge was to encourage the faltering nations to embrace democratic reforms and move toward a free-market economy mostly on their own, without provoking another era of repression from nervous party bosses. Bush offered only $115 million to Poland, a pittance when measured against Poland's $39 billion international debt, and $25 million to Hungary. But part of the President's traveling plan was not to overpromise and energize the dissidents, who might then make more demands...
What set the stage for a backlash was the deregulation of such industries as airlines and broadcasting. While the loosening of rules typically brought consumers lower prices and wider choices, the process reduced governmental monitoring of business. In its free-market zeal, the Reagan Administration cut the budgets and staffs of the Federal Trade Commission, the Consumer Product Safety Commission and other supervisory agencies. In a Yankelovich poll conducted for TIME this year, nearly 80% of the Americans surveyed said the Government sides too often with business when it comes to environmental issues...
...subsidized water. Willey argues that the profits will be going to produce new public benefits: irrigation systems that use less water and produce less pollution. A Mono County businessman suggests that the sale of water rights ought to be regulated to prevent profiteering. But here Willey hews to the free-market line: even if the price per acre-foot starts out high, he says, competition will drive it down to a fair level as other irrigation districts try to get in on the action. Beyond that, someone has to pick up the bill for the replacement water. Los Angeles...
...moderate reforms fall short of what is needed to overcome the agriculture crisis. A major obstacle to bolder reforms will be fear among farmers that the push toward privatization may be rolled back again. Such inherent caution cannot have eased when Ligachev announced at a press conference that a free-market agriculture system would be adopted only after there is "an abundance of food...
...miners, the press and the teachers, the Prime Minister has announced plans to reform two of the country's most prestigious professions, medicine and law. Her proposals, the most sweeping in decades, prove that Thatcher has lost none of her zeal for leading Britain toward a more open, free-market economy...