Word: ownership
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Dates: during 1950-1959
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...profitable Canadian subsidiaries. Largely responsible for the aggravation was a kink in the tax agreements between the two countries. A Canadian subsidiary that was 95% U.S.-owned paid only a 5% tax on the dividends it remitted to the parent company in the U.S. If the proportion of U.S. ownership dropped below 95%, the dividend tax rose to 15%. Rather than have dividend taxes tripled, U.S. companies shied away from selling stock to Canadians...
...Shortly after taking office in 1944, Douglas launched a number of government-operated industries in the province of Saskatchewan; most of them wound up bankrupt, and the regime has since been encouraging private enterprise. Warned Douglas: "If you attempt to go forward under the banner of complete state ownership, you will be marching alone...
...pacifying Algeria-the "parallel" program of political and economic reform. As their pilot project, which they christened Operation Esperance (Operation Hope), authorities expropriated from a French landholding company a 600-acre farm near the Kabylia town of Saint Lucien and announced that 16 Moslem fellahin would be given ownership of the land they had worked as sharecroppers. The French also proclaimed free local elections in the Kabylia...
...date and Karl Marx a political handicap. In a recent book called Twentieth Century Socialism, the "household troops" made some startling admissions. Nationalization of industry, the magic tool that was to transform society, had, they conceded, lost its magic: "There is no longer the confidence that a change in ownership is enough to insure that an industry is run on Socialist lines." Workers in nationalized mines find no greater joy or increased incentive in the knowledge that the mines are theoretically "theirs." Even the fundamental doctrine that Socialism is more efficient than capitalism and hence productive of higher living standards...
Down with the Barriers. If Socialism does not mean public ownership of industry and a more efficient economic system, what does it mean? To find the answer Gaitskell & Co. turned not to Karl Marx but to the 19th century British Socialist and aesthete William Morris, whose political beliefs rested on the statement that "Fellowship is life; lack of fellowship is death...