Word: socialized
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Dates: during 1970-1979
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...trustbusters in the Justice Department, the Federal Trade Commission and the Congress. All are considering ways to expand and toughen the nation's 90-year-old antitrust laws. The new activism, besides making lawyers rich and executives apprehensive, is raising some of the most fundamental questions about the social and political power and the function of U.S. corporations. The basic themes are as old as the debate between Jeffersonians and Hamiltonians, and as new as today's arguments in Congress over a number of proposed antitrust bills...
...speakers favored a go-slow policy to sort out the facts before trying to enact new antitrust legislation. Said Du Pont's Shapiro: "In view of our domestic economic needs and our international competitive problems, we would do well not to go off on major, and perhaps irreversible, social experiments until there are convincing reasons...
...Salim, a coastal African descended from fastidious Indian immigrants, Bigburgers resemble "smooth white lips of bread over mangled black tongues of meat." Salim is the novel's narrator who, like the self-seeding hyacinth, drifts through the swirls of political and social change. The result is a sensitive fictional character with the detachment of an anthropologist...
DIED. Talcott Parsons, 76, pre-eminent social theorist who through four decades of teaching at Harvard and dozens of scholarly works molded generations of sociologists; of a stroke; in Munich. Influenced by the German thinker Max Weber, Parsons attempted to construct logical categories into which he could fit every kind of social relationship. His theories, which played down conflict and tolerated inequality, were considered conservative and have been criticized as irrelevant. But Parsons took pride in preferring "more nearly pure research" to the trend toward relevance...
That's the beauty of our free enterprise system--we can do whatever we want to, regardless of social needs or social costs, with only the profit margin to guide...