Word: nationalizes
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Dates: during 1970-1979
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...peace has isolated him dangerously in the Middle East Egypt is threatened by radical regimes in Libya and elsewhere. From within, it faces the same kind of Islamic fundamentalist forces that helped topple the Shah of Iran. The solution, Sadat believes, is to wage a gigantic war on his nation s poverty, and the only way to do that is to secure huge amounts of Western...
...President Carter went up the mountain to Camp David last week, he could not have chosen a better moment to ponder the nation's future policies. The U.S. is at a decisive tipping point in its history. It is a time when the domestic policies decided on now will do much to determine whether the nation surges ahead during the 1980s-or enters a period of prolonged stagnation...
...equally strong case can be made that the 1980s will be a golden decade. The fact that the U.S. has slipped behind means that it has a tremendous backlog of demand for capital projects, a huge amount of unmet needs for the investment that creates real wealth. If the nation now chooses policies that will unleash that investment, there will be a capital burst that can lift the U.S. to new peaks of material prosperity and geopolitical strength...
Indisputably, the U.S. has lagged in global economic competition. Many of the nation's steel, automobile, rubber and other plants and mines are outmoded and inefficient. The reason is that relative to the size of its economy, the U.S. since the mid-1960s has invested only three-quarters as much as the West Germans and one-half as much as the Japanese in expanding and modernizing its factories and machines. Just to keep them up to date and to sharpen U.S. competitiveness in world markets, the President's Council of Economic Advisers projected in 1975, the U.S. would...
...realization is growing that the shortfall in investment is the main source of the nation's economic difficulties, and that the shortfall itself is rooted in policies that have led to too much statism and not enough private initiative. Liberal or conservative, Republican or Democrat, almost all the experts agree on the causes of America's capital...