Word: socialist
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Sense of Urgency. As if to prove that, Mrs. Gandhi proposed a 20-point reform program that if enacted, might move India well along the path toward a socialist society. Among her proposals: liquidation of the debts of the rural poor, abolition of indentured labor, division and redistribution of large landholdings, increased public housing in rural areas, expanded irrigation networks, and severe new penalties for black marketeers, tax evaders and smugglers...
Through Japanese socialist leaders, the Chinese have urged Japan to maintain security treaties with the U.S. Teng recently warned visiting President Ferdinand Marcos of the Philippines against Soviet expansion in Asia. The Vice Premier referred to the old Chinese proverb: "Guard against letting the tiger in through the back door while repelling the wolf through the front gate." Despite past Chinese propaganda denouncing the U.S. as a paper tiger, the reference in this case was clearly to a Russian tiger and an American wolf...
...capitalist, many peoples of the Third World harbor bitter resentments against capitalism and have chosen socialism for their economies. In quite a few cases, this has retarded their development. For example, Daniel P. Moynihan, former U.S. Ambassador to India, points out that in 1947, the year of its independence, socialist-leaning India produced 1.2 million tons of steel, or slightly more than Japan. In 1973, capitalist Japan poured 119 million tons of steel?or more than 17 times India...
...capitalism has the overwhelmingly powerful defense of simple realism. There is just enough of a "Scotchman" in most people to make them work harder for their own advancement than for the good of their fellows?a fact that regularly embarrasses socialist regimes. The Soviet Union permits collective farmers to cultivate small private plots in their spare time and sell the produce for their own profit. Those plots account for a mere 4% of the land under cultivation in the U.S.S.R.?yet, by value, they produce a fourth of the country's food...
...other incentives are indispensable to any economic progress. A product or service that is sold for exactly the cost of producing it yields no margin to raise wages, buy new machinery or pursue research leading to new products. Only profits can finance that?whether in a capitalist or a socialist society...