Word: free-market
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...Dutch East India and Dutch West India companies. (A forerunner of the latter founded New York City.) Amsterdam became the global financial capital; Dutch workers' wages were Europe's highest. The link between freedom and entrepreneurship was not lost on Adam Smith when he wrote of the virtues of free-market economics...
...life-span, Mexico has become more open to outside influences than ever before--thanks in large part to NAFTA. That has given young people in particular access to different standards and values by which to measure the old order. And the young resent the inequities they see. Today's free-market rulers, like Zedillo and former President Carlos Salinas de Gortari, sport Ivy League Ph.D.s. But Guadalajara lawyer Cristina Organista, 25, saw her dream of graduate study in the U.S. canceled by the peso crisis. "My family's aspirations went from sending me abroad to simply saving our house...
...essence PI is a game show with guests competing for the title of most wry. This free-market environment, though, does not guarantee that the show is always funny. Often whole episodes go by without any amusing moments occurring apart from Maher's opening monologue (which a team of comedy writers produces) or the mere sight of people like G. Gordon Liddy and rapper Coolio seated together...
Paradoxically, the Socialists just might be in a better position to carry out free-market reforms than the right. And if Jospin can sell the French on modernization with a human face--not unlike Britain's Tony Blair, who is pushing Thatcherism with a softer edge--he will have done his country a historic service and boosted his presidential chances...
...been in the pharmaceutical industry--and with good reason. To be sure, speeding up the approval process at the Food and Drug Administration--where getting a new drug to market has often felt like swimming through Jell-O--is both a worthy and a popular cause. The appetite for free-market trial and error is limited, however, in a business where error has sometimes meant disfigurement or death. "There's a great push to try to cut down the FDA," says Fred Dorey of the Bay Area Bioscience Center in Oakland, Calif., a trade organization for biotechnology firms. "But that...