Word: free-market
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...Peters' forecast of an online, Web-based, white-collar workplace [VISIONS 21, May 22] was very chilling indeed. His feverish embrace of extreme individuality, free-market pursuit and constant self-improvement completely drowns out any inclination for people to think about others who are less fortunate. There is no real community, no downtime, no nurturing of the soul in Peters' business model--just workers hunched over a monitor, constantly "improving" themselves for the next level of business. Will embracing technology automatically make you a queen bee--or will you still be a drone? WILLIAM T. LAYHER Somerville, Mass...
...exactly right, for example, when they argue that the economic policies imposed on developing nations by the International Monetary Fund and World Bank have hammered the poor. Using loans and the threat of default as levers, the IMF has pushed more than 90 countries to accept its brand of free-market shock therapy: lowering trade barriers, raising interest rates, devaluating currencies, privatizing state-owned industries, eliminating subsidies and cutting health, education and welfare spending. These "structural-adjustment programs"--a chilly bureaucratic euphemism if ever there was one--attract foreign investment and stimulate the business climate (and the local elites...
Optimists pin their hopes on Putin's experiences in St. Petersburg. He became intimate with Russia's leading reformers and has also gathered many of them around him in Moscow. He learned the rudiments of free-market economics. He witnessed the dimensions of Russia's failure, understanding that the country needed a strong economy if it hoped to be a strong nation again--and that joining global capitalism would be the only solution. "I know," emphasizes First Deputy Finance Minister Kudrin, "that he is a proponent of continued reform...
Every time Fed Chairman Alan Greenspan opens his mouth the stock market gyrates, making an already volatile market even more so [BUSINESS, March 13]. I think Congress should pass a law forbidding the chairman of the Federal Reserve Board to comment on stock prices with the chance of influencing the market direction. We should let the free-market economy be free of manipulation by powerful people inside and outside the government. SHALINI MOONDRA Marlboro...
Once dismissed as the loony notion of free-market zealots, for-profit schools are fast winning support and jolting the $360 billion public school market, the last major sector of the U.S. economy to feel the lash of competition. The very notion seems heretical: public schools run by private companies that charge no tuition but operate classrooms for local school boards or independent chartering organizations using taxpayer money--some of which will go to shareholders as (gasp!) profit...