Word: redistributionism
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But what exactly is the fuss? By now we ought to be used to the tired old rituals of campaign populism, in which the candidates don windbreakers and stage photo-ops with obliging factory hands before rushing back to the $1,000-a-plate fund-raising dinners where they commiserate...
Gingrich: I don't know. I don't want to read anything into what Buchanan has said. What I can tell you is, I think your description of the debate is only a partial statement. First of all, the core problem is culture, it's not redistributionism; second, that decentralized charities that have a sense of spirit and passion are vital; third, that bureaucracies that are anonymous are devastating; fourth, that you have to have incentives at the micro level for individuals; and that fifth, you want to maximize the creation of wealth and the acquisition of wealth rather than...
A federal appeals court has ruled that African-Americans cannot sue the government for damages resulting from slavery. The 9th U.S. Circuit Court of Appeals, in a 3-0 ruling, said that the seven plaintiffs failed to point to specific government actions that violated their rights. "The bottom line is...
When America began its turn to the right with the election of Ronald Reagan, the basic economic problem was thought to be inefficiency: the slow growth and high inflation called stagflation. Reagan's prescription--cutting taxes and regulation--was a prescription for efficiency, for aggregate growth. Now growth is not...
Mandela and his colleagues have also had practical success managing the economy. For most of its history, the A.N.C. stood by its bible, the Freedom Charter, which called for the nationalization of Big Business and the redistribution of wealth. Now the socialists in Mandela's Cabinet talk of shrinking government...