Word: profit
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HOTTEST KITCHEN APPLIANCE The microwave oven was a profit boon to retailers, and firmly established "microwave" as a verb. No one ever ovened a cake or stoved an egg, but Americans are microwaving with impunity...
...countryside, where 80% of China's masses live, by freeing peasants to grow what they wish and to start private businesses, Deng concentrated on what may be the harder job of bringing change to China's cities and requiring the managers of state-owned enterprises to behave like profit-hungry, innovative capitalists...
...which collaborate with lawbreakers and unscrupulous foreign businessmen" to get rich in ways that are decidedly not glorious. Among the crimes he accused them of were peddling counterfeit medicine and "the sale of obscene videotapes." It is widely estimated that about half the managers of state-owned enterprises pursue profit by cheating on corporate income taxes. The most sensational scandal involved a ring of party and government officials on Hainan Island who sold $1.5 billion of goods illegally imported through Hong Kong, including Mercedes limousines and color TV sets, before they were caught. It is at least possible that conservatives...
...great extent emasculated what would otherwise have been a vigorous economy. The more centralized, the more rigid; the more rigid, the lazier the people; the lazier the people, the poorer they are." Managers now are supposed to hustle in response to the same signals--interest rates, market demand, prices, profit--that guide Western businessmen. And just as the state will no longer take all profits, it will eventually stop subsidizing losses. Deng's planners bluntly assert that they are prepared to let inefficient state enterprises go bust...
Hungary's 11 million people have long been the envy of the East bloc for their cautious success at replacing at least part of a Soviet-style centralized economy with profit-oriented agriculture cooperatives and carefully administered oases of free enterprise. Along Budapest's glittering Vaci Street, the shelves of well-kept stores and boutiques are stuffed with Western videocassette recorders, luxury clothing and high-tech kitchen appliances. The nearby food markets display long racks of sausage and ham, mounds of fresh winter vegetables and ubiquitous garlands of crimson paprikas. Says a member of Hungary's new economic gentry...