Word: neosocialist
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Dates: during 1975-1975
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Traditional free enterprisers are bound to disagree with Lodge's ideas, arguing that accepting them would only further big Government and more intervention, creating a "neosocialist" system in which "public interest" would justify even more Government interference. Yet to Lodge, that smacks of hypocrisy. Business and political leaders have fallen short, he argues, by singing hymns to the old ideology while practicing parts of the new. This has resulted in an "ideological schizophrenia" that blocks solutions to such critical problems as the inequitable distribution of wealth and undermines the legitimacy of corporations. His solution: bring business and Government into...
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