Word: ownership
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Dates: during 1950-1959
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...this desire is gone? I will tell you. When a car becomes nothing more than transportation, when new clothes become nothing more than protection against weather and immodesty, when a house is only a shelter, when the thrill is gone out of buying and pride fades out of ownership, we are headed for something worse than a mere depression. We are headed for a whole new kind of economy that none of us are going to enjoy...
...MIDEC -Middle East Industrial Development Projects Corp.-which represents capital from the U.S. and nine European countries. With field headquarters in Beirut, MIDEC's directors were looking for partners, and the partners they want are Arab businessmen who will set up and run their own enterprises, retaining majority ownership and control but getting help from MIDEC's capital and technical know-how. To old Middle East hands, the idea of Westerners joining in an Arab-controlled enterprise is as dangerous as a camel's kiss, yet MIDEC has received a rousing welcome and thinks it can succeed...
...growing religiosity of politicians. As usual, no one spoke more pungently than Methodism's old reliable baiter of capitalists. Bishop G. Bromley Oxnam of Washington. He is no more afraid of "creeping socialism." said Oxnam, than of "stumbling capitalism." Though Oxnam said he holds no brief for collective ownership, "I must face the fact that there is something radically wrong with so-called 'free enterprise.' The truth is that there are services that can be rendered more effectively by the people acting together. A few more eggheads in the automobile industry to supplant the blockheads who have...
...Robin Hood Fallacy. How to get away from this situation, which might be called the Robin Hood fallacy? K. & A.'s solution does not lie in cutting up larger slices of an ever-larger "economic pie." Instead, "the task of a truly capitalistic society is to broaden the ownership of the pie-making machinery and to build a vast number of new pie-making machines that will be owned by people who do not now own such machines...
...peasants improved as the regime cut back compulsory deliveries and the number of collective farms dwindled to a token 1,724 (10,000 in Stalin's time). "The new fences," observed Warsaw's Swiat, "testify to the return of the peasants' sense of ownership." Relations with the Catholic Church are far better than in other Soviet-bloc countries, though the Vatican reports that "government interference with religious appointments tends to become more rigorous than last year...