Word: free-market
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...kind of risk premium. The high prices, in turn, produce enormous profits that irresistibly lure vicious gangs, who are taking over large areas of cities. The gangs employ armies of pushers who spread the very plague the drug laws are supposed to combat. Says Milton Friedman, guru of free-market economists and a Nobel prizewinner: "The harm that is done by drugs is predominantly caused by the fact that they are illegal. You would not have had the crack epidemic if it was legal." Finally, addicts too are irresistibly driven to crime -- prostitution, mugging, burglary -- to finance their habits...
...find a common language with Poland's restive and embittered workers. The attack seemed to doom the government's ambitious plans for economic restructuring, which depend on the labor force's willingness to make temporary sacrifices while the country's centralized industries are gradually exposed to more and more free-market forces. "Everybody knows what is at stake here," said Walesa, following the Nowa Huta attack. "As of today, the reform has failed...
...whole bill if the plant- closing provision is stripped from it. Corporate and White House opponents fear not so much that the provision will do great damage in itself but that it will set a precedent for increasing Government regulation of business, which is anathema to Reagan's free-market philosophy. Some partisans on both sides confess privately that the provision is not worth the passion being expended on it. But such thoughts come too late: the battle lines have been drawn...
...probe will examine not only whether limits on advertising time ought to be reimposed but also whether restrictions should be placed on the more than 25 shows currently airing that feature toys as their main characters. The inquiry seems to reflect a growing consensus that the FCC's free-market approach has not been enough to protect children from undue commercial influence...
...free-market scramble is going on all over academe, with star scholars' heads being handsomely hunted in the finite universe of top teaching and research talent. In the past year raiders have bagged ten professors from Cornell, impelling that university to bare its own teeth. "We're coming after their people, they're coming after our people," says Larry Palmer, Cornell's vice president for academic programs. "Everyone is jockeying...