Word: free-market
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...Chilean general turned dictator who oversaw the torture of some 28,000 and "disappearance" of 3,200 perceived adversaries during his 17-year rule; in Santiago. After ousting Marxist President Salvador Allende in a bloody 1973 coup, the cunning, right-wing Pinochet banned political parties but also instituted free-market policies that stabilized Chile's economy. His 1998 arrest for war crimes as well as his subsequent house arrest offered some comfort to victims of his regime. But he always managed to evade trial, claiming illness and never expressing remorse. In 2003 he said, "I feel like a patriotic angel...
...Free-Market...
...even the one policy initiative his dictatorship has been widely hailed for - Latin America's first real effort at free-market capitalism, which the rest of the region adopted in the 1990s - looks tarnished today. One leftist President after another has taken the oath of office this year because Latin voters are fed up with the failure of capitalist reforms to narrow the widest divide between rich and poor of any region in the world. And the reason for that failure isn't due so much to capitalism itself - it's due to the fact that capitalism, or socialism...
...recent months Rudd has also written long articles about theology and political philosophy; he's not ashamed of raising ideas or going into enemy territory to provoke critics. In a speech last month to the Center for Independent Studies, a Sydney free-market think tank, Rudd politely ripped into the group's spiritual godfather, Friedrich von Hayek, who had no place in his schema for social justice: "I believe the center of gravity of Australian politics has always had about it a deep skepticism about fundamentalist ideologies of either the right or the left...
...Mexico's Calderon, a Harvard-educated technocrat, will have to bend his own free-market ideology to keep a bitterly divided Mexico from erupting after he takes office. Special federal police forces have already been called in to quell deadly riots in the poor southern state of Oaxaca. In its broader context, the violence reflects a national backlash against the utter failure of globalization and a fledgling democracy to address Mexico's gross economic inequality. And that powder keg is nudging Calderon to acknowledge that the sort of social investment and regulatory reform programs for which he once ridiculed Lopez...