Word: socialist
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Dates: during 1970-1979
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...emerges sopping wet from their confrontations with Galbraith. So the question arises, just what are Galbraith's political persuasions? Cutting through all of Galbraith's sarcasm we find a fuzzy picture. On the crest of his wave of assault on the modern corporation Galbraith comes off as quite the socialist. To control the giant corporation, the author proposes a group of public auditors to replace the traditional board of directors, a la Nader; he even goes on to suggest that the government buy out each company's stockholders and have the dividends accrue to the public. Yet at another point...
FRANCE remains a convalescent. Though industrial output had edged upward to 89% of prerecession heights, inflation remains at 10% annually. Unemployment, at more than 1 million, or just below 5% of the labor force, is unacceptably high, providing the Communist-Socialist alliance with ammunition. Refusing to yield to pressures for a major reflation, Premier Raymond Barre now plans to pump only a modest $800 million into the economy during the next year. Businessmen, fearing a victory of the Communist-Socialist alliance in the 1978 elections, are delaying investments...
...England. The French and German colonials sit down again over drinks, having learned nothing from the experience but that "the niggers who were German are now English." The geographer finds that his German counterpart is a fellow university man, and they share a well-bred chuckle over their common socialist youth. Race and class reassert themselves. There is no sense of relief: ahead, as we know from the vantage point of 1977, still lies the tur bulent, bloody ordeal of 20th century Africa...
Cubans like Americans-the people, as opposed to the government, a traditional socialist distinction. But Americans are especially bienvenidos now: Cuba's economy is in wretched shape. The major cause is the plunge in the world price of sugar, Cuba's chief export, from more than 50? per Ib. in late 1974 to just 7? today. The Russians are now spending nearly $4 million a day to keep Castro's economy sputtering along; that does not include military aid, estimated at $200,000 a day. Moscow also supplies almost all of Cuba's oil needs...
...matter how questionable Hentoff's reformist alternatives are, every socialist asks the same enraged questions and holds similar intentions. As Hentoff writes, "The intent of this book is to leave you with the question of how long, in both cases, must this continue...