Word: privateownership
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Dates: during 1990-1999
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Nuccio criticized the economic policies of Fidel Castro's communist state,where "virtually no private enterprise' or privateownership of property is permitted...
...radical change from past Soviet policies,in June of 1988 Gorbachev decided to allow smallgroups of Russians to lease land for 50 years andsell on the market any output they produce overthe state-imposed quota. Not quite privateownership, but this piece of legislation is aconcession that incentives--the bastion ofcapitalism--are necessary in any economy...
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