Word: free-market
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...think there's any perfect solution, because the essence of a free-market economy is that people are allowed to make mistakes. And some of these bubbles have a good side. The Internet bubble of the 1990s brought us Amazon and eBay. They're still with us. Stabilizing the economy isn't the final goal. Having a little bit of turmoil, as long as it doesn't get out of hand, is part of creative destruction. You have a history of highlighting parts of the economy that have gotten out of hand before other people are paying attention. What...
...bitterly ironic that the policies of privatization and the free-market system forced on Africa by the Western-controlled World Bank and IMF (that have devastated many African countries) are now being reversed in the U.S. Whereas poor, suffering Americans need to be protected from the full consequences of their free-market principles (which should allow AIG, GM and the rest of them to fail), Africans were afforded no such protection - presumably because they don't vote in U.S. elections. Alex Potter, CLAREMONT, SOUTH AFRICA...
...small but radical leftist bloc of Latin American nations (including Bolivia and Nicaragua) has helped blunt U.S. hegemony and ushered non-hemispheric allies like Russia, China and Iran into America's backyard. His backers insist that the Wall Street implosion has vindicated Chávez's rejection of free-market capitalism as the solution for Latin America. And his critics, who call him a neo-Fidel Castro, still have to acknowledge that he's been thrice democratically elected. (Vote on Chávez in the TIME 100 poll...
...Speaking at the forum, Brown described what he called a "progressive moment," given the fact that the global financial meltdown has shattered the faith of governments around the world in unrestrained free-market solutions, and prompted an outcry for an alternative that places greater emphasis on social justice and care for the environment...
...blend in, we lose.” Blackwell targeted Republicans who had “campaigned like Ronald Reagan and governed like Jimmy Carter,” as the primary reason for the loss of confidence in the political right. He encouraged a return to an ideology of faith, free-market Capitalism, and individual liberty. Blackwell framed his speech in the context of a growing threat to the American way of life. He called the Democratic Party’s current initiatives an “attempt to pull off the most significant realignment of political power...