Word: munist
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Dates: during 1970-1979
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...with the spending and taxation policies of federal, state and local governments. The capitalist economy may thus eventually take on some features of socialism, just as socialism over the years has adopted some practices of capitalism. Yet a nation that accounts annually for nearly half of the non-Com munist world's gross national product, and has more individual business enterprises than many countries have people, is surely strong and diverse enough to accommodate the best features of both systems. ∙ Donald M. Morrison