Word: kavcic
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Dates: during 1970-1979
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...Stane Kavcic, premier of the Republic of Slovenia, has proposed that companies sell dividend-paying stocks too. "Instead of taking a vacation, someone could give his money to an enterprise, which in turn could give him interest and maybe even something else as well," Kavcic says. His proposal has horrified some Communist purists. Edvard Kardelj, Yugoslavia's chief ideologist and a close associate of Tito's, argues that stock ownership is anti-Marxist because it inevitably involves the "exploitation of other people's work." But the need for more capital may eventually overcome such inhibitions...
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