Word: free-market
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...cost was a bailout that placed trillions of taxpayer dollars at risk. It was expensive, it was messy, it was unfair. It struck many people as downright un-American. But it worked. "I've abandoned free-market principles to save the free-market system," is how President George W. Bush described it last December...
Hatoyama said that Japan had been "buffeted by the winds of market fundamentalism in a U.S.-led movement that is usually called globalization." He said that "unrestrained market fundamentalism and financial capitalism" are "devoid of morals or moderation," and criticized a "way of thinking based on the idea that American-style free-market economics represents a universal and ideal economic order." "The influence of the U.S. is declining," Hatoyama wrote, in a "new era of multipolarity." While saying that the "Japan-US security pact will continue to be the cornerstone of Japanese diplomatic policy" (of course!) he insisted that...
...recent years, as India embraced the free-market philosophy she championed, Devi--disillusioned by political corruption and the decay of her beloved city--devoted herself to charitable work. "Jaipur is ruined," she said in a 2006 interview. "Everybody's just making money." The feudal excess of its royal past had been replaced by the excesses of concentrated wealth and power, and the love of a princess wasn't enough to save...
...system of review that doesn't take into account the cost of new treatments. This would help doctors decide a course of treatment, as currently they have no way of comparing the efficacy of different drugs for the same condition. But it could also raise prices. "In a free-market economy the manufacturers may use the effectiveness review to charge higher prices for the best drug," says Jeffrey Harris, president of the American College of Physicians...
...Africa, AGRA is funding scientists working on new seed strains, bankrolling the breeders who produce them, and helping wholesalers expand their inventory. Most importantly it's enlisting locals like Odiambo as free-market agriculture extension officers, training them in the proper use of seeds and chemical fertilizers. "The farmer will leave the shop with the product, and also the knowledge of how to use it," says Esborne Baraza, who coordinates AGRA's efforts in western Kenya...