Word: marketization
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Dates: during 1990-1999
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Then again, maybe not. A good deal of the debate is confused, ideologically envenomed, or both. Left and right squabble furiously over the latest idea--totally replacing Social Security with a system of individual investment accounts. Now, even this market-based approach is being shelved by its Republican proponents, who have become fearful of the political risks...
Some people think wishfully that rapid economic growth will enable the Social Security system to muddle through pretty much as is. Others talk in either-or terms--either funnel most future budget surpluses into Social Security and invest some of that money in the stock market, or increase Social Security taxes and modestly reduce benefits--and the problem will be solved...
...payouts over the next 30 or so years, and how far any specific proposal would go toward closing that gap, are still anybody's guess. And those guesses depend on such variables as the speed of economic growth, the future pace of inflation and the course of the stock market--all notoriously difficult to predict even a year ahead. Estimates clash so sharply as to invite suspicion that they are shaped more by political bias than by analysis...
Obviously, much of the Onion's humor is rather low brow. Its real comic brilliance in Our Dumb Century lies in the way it uses irony to expose the raw, humorous side of human affairs. Headlines such as "Stock Market Invincible" in 1929 and "Archduke Ferdinand Declares 'No Man Can Stop Me"' in 1913 show the follies of complacency and our confidence to predict or control the future. Also, much of the Onion has a very proletarian feel about it, exposing the rulers of society as they dominate the common people, as when Woodrow Wilson promises to "make the world...
Like modernism in art, the definitional question may depend on who you ask. If saturation of a market leads artists to abandon the genre, comercial hip hop may be at odds with itself. When punk rock broke big with fluffy nuggets that received popular recognition, some mourned the loss of the political punk. Others proclaimed a new genre to exploit, an upbeat gleeful energy. But whether or not the movement had died rested on the definition of the movement. The NextLevel conference highlighted this question able future of hip hop culture.William...