Word: free-market
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...Clinton's lackluster public performance only seemed to emphasize the feeble condition of his host country. Yeltsin's failing faculties and crumbling power base reflected badly on the strong backing the U.S. has given him. At one level, Clinton's tough-love advice to "play by the rules" of free-market democracy is sound advice, but it may well be ignored. To citizens around the world anxiously weighing the turbulent course of events, the summit looked like Potemkin leadership...
...confused and distrustful, wondering what, if anything, they can believe in. For the most part, they do not trust their government, and the administration of President Boris Yeltsin is not helping. It talks reform but hasn't been able to deliver fully. It bills its economy as a free-market system when it actually is a hybrid between robber-baron capitalism and state control. And now it is snatching away the greatest accomplishments of the painful Yeltsin years: a stable ruble and low inflation. On one sticky afternoon, Yeltsin vows that he will not devalue the ruble...
...November of the Hokkaido Takushoku Bank shattered the economy of Japan's northern island of Hokkaido. Affiliated lenders and thousands of businesses went bust. Since then the prognosis for the nation has worsened steadily. In reaction, commentators have lashed out, blaming the nation's woes on everything from American "free-market imperialism" being forced on Japan's financial system to a laggardly birthrate...
...Helmut Kohl. As the latest member in the growing ranks of so-called Third Way leaders, Schroder hopes to emulate the success of left-of-center politicians like Bill Clinton and Tony Blair, who won office by scrapping traditional big-spending, big-government ideologies in favor of the free-market solutions advocated by their right-leaning rivals...
...GENERAL THEORY OF EMPLOYMENT, INTEREST AND MONEY (1936) This study was John Maynard Keynes' major work. Not intended for the public, it had vast public consequences. By positing that government spending could revive sagging economies, Keynes rewrote the rules of free-market capitalism...