Word: guardism
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...signals that emanate from Peking are erratic, vague and contradictory. But they hint that after the long isolation and xenophobia of the Great Proletarian Cultural Revolution, China is beginning to take notice of the outside world again. For two years, shrill Maoist Red Guardism ruled, and China seemed almost without a foreign policy. Now, the more moderate professionals appear to be moving back in charge at the Foreign Office in Peking. With their return, China's relations with the world can be expected to become more rational and more flexible. There will likely be no major policy changes...
...true of the Democratic Party. A large part of the Democratic Old Guard left Truman this summer, and he was able to win without them--and without the Wallace vote, which cost him New York. The President even made heavy inroads into the traditionally-conservative Republican Mid-West. Old Guardism failed to produce substantially for Dewey and it failed to produce substantially against the Democrats. This failure strongly indicates not only that the future of Old Guardism is bleak, but that an intelligent conservatism must jettison it to survive as a decisive political force in this country...
...noticed is the relative steadiness of the market, since under the S.E.C. short selling in a declining market is impossible. Formerly, bankruptcy of such a large house would have caused a speculative wave of selling. Second, Mr. Whitney marks a milestone in the rapidly disappearing element of "old guardism," which is seeing the eradication of its laissez-faire doctrine. With the triumph of governmental control comes the end of an era in which historians will include both the prosperity of the twenties and the barrenness of the thirties...
...direct and challenging that the President has yet made over the radio since he took office. But like all speeches concerning a matter so controversial as the New Deal, it gave aid and comfort to sympathizers, disposed with proper scorn of those whose objections are based on more Old Guardism, and failed to answer the sound objections of those who agree with Mr. Roosevelt that something has had to be done, but disagree with his solution...
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