Word: toed
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Dates: during 1950-1959
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In France, the De Gaulle government's equivalent of the Small Business Administration works hard to modernize the small shops, sweep away the prejudices against middle-sized and big entrepreneurs. Says France's Economic Planner Jacques Rueff: "I want to open the windows and let in some air...
As industrialization called forth new skills, the French workingman's average pay jumped 60% (to $80 monthly) in a decade; Danes and Norwegians average 84? an hour, v. 42? ten years ago, while Swedes get a minimum $1.16 an hour, v. 50? an hour in 1948. The British secretary...
Soda Pop & Slocks. "The poor working class no longer exists in England today," says Donald Tyerman, editor of London's Economist. The so-called proletariat that was the bulwark of socialism and Communism is giving way to an immensely enlarged middle class, intent on acquiring all the trappings of...
Not only are workingmen acquiring the benefits of capitalism; some are becoming capitalists themselves. To the dismay of Marxists, people are indeed taking over the means of production-by buying shares in their burgeoning industries. Wall Street's bull
(9 of 11) says that he is just a bit dubious at finding himself in step with the herd. The crystal-ball gazers predict that the national product will jump to a $500 billion rate in the first quarter, race on to $525 billion or better before leveling off at...