Word: profiteered
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Dates: during 1970-1979
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...East German government is one of the most doctrinaire Communist regimes in Eastern Europe. Nonetheless, in 1963 it flirted with the ideological heresy of "Libermanism," a theory that takes its name from its principal proponent, Evsei Liberman, an economics professor at Russia's Kharkov University. Libermanism emphasizes the profit motive and individual reward within the Communist system. Even today, the G.D.R. rewards increases in productivity more generously than any other East European country. As a result, there are East Germans-not all of them party insiders-who have accumulated enough cash to buy that most treasured of possessions...
...most Americans, land-price inflation costs more than it is worth. For the homeowner, a rise in the value of his house is purely theoretical profit until he sells, but the land spiral meanwhile helps raise the price of almost everything that he must buy. Packing plants, bakeries, supermarkets, movie theaters, filling stations, widget makers -all pass on to their customers the rising prices-and taxes-that their owners must pay for the land on which they set up shop...
...salesman's envy soars still higher, but I don't think Weller thinks that's the core of it. To people like the encyclopedia salesman -- constrained by economic necessity to spend much or most of their time doing things they do not enjoy for businesses they neither control nor profit from -- just living away from home, attaining even just the semblance of control over one's own life seems an unimaginable emancipation...
...newest developments in the legal profession is the idea of the law commune--lawyers, para-legal workers and clerical workers forming collective practices, splitting fees usually on the basis of need. Communes have so far met with little success. "With the profit motive out of the picture, the people in the commune found that the lawyers were competing for the big cases, and the ego-satisfaction that their attendant publicity could bring," James writes of one commune...
Davis maintained that the Coop's purchase of more "quality merchandise at lower prices," combined with more "spirited" employees, led to the store's increased net earnings. He added that sales showed improvement in all departments and that no particular department could be credited with making an extraordinary profit...