Word: socialistic
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...class" Socialist country, in which he has been stripped of all real power and even subjected to the levies of the taxman, Sweden's King Carl XVI Gustaf last week was regaled with one of the few remaining circumstances still entitled to royal pomp: his wedding. Indeed, with its processions, ceremonies and feasts, last Saturday's nuptials more than lived up to its advance billing as the royal spectacular of the year...
...more plausible explanation for Jamaica's unrest is Manley's efforts to turn the island republic into a socialist state. Even the Prime Minister's supporters concede that the economy is in a shambles. Unemployment is running at about 22%, and is particularly high among urban youth, who police say are guilty of most of the recent murders. The country's foreign exchange earnings, principally from bauxite, sugar and tourism, are down 40 to 60% below last year's total of $400 million, and reserves have dropped from more than $102 million in November...
Paris Match called the idea a "new Trafalgar," and reported (probably inaccurately) that $1 billion had flowed out of France toward Switzerland in the one day after the bill was proposed. The powerful Socialist and Communist opposition parties condemned the measure for containing too many loopholes favoring the rich. The Communists have even been acting as defenders of middle-class property-especially over the part of Giscard's proposal that calls for taxes on the sale of vacation homes, the résidences secondaires owned by 14 million...
...popular base for a viable government; such a coalition is the only force capable of regenerating Italy's stagnant economy. Americans cannot continue to view such a development as dangerous: it would legitimize diversity within European communism, and so increase the ability of Eastern European countries to explore alternative socialist models to that of the Soviet Union. America must resolutely refrain from interfering in Italy's government...
Similarly, the U.S. should grant aid without strings to the Portugese Socialist government, which should form a coalition with the Communists as a way out of its present impasse. The economic crisis in Portugal can only be resolved through attracting foreign capital and through some measure of sacrifice--in terms of wage gains--by Portugese workers. But most western capital, particularly American loans and credit channelled through the World Bank and other agencies, has strings attached: the 'stabilization' of the nation, meaning an end to strikes, enforced wage cuts, and higher prices making revenues for a revived private industrial sector...