Word: wealth
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Dates: during 1980-1989
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Here Galbraith raises the intriguing question of just how exactly to share the world's wealth without creating disturbances, but his answers themselves are underdeveloped. He is infact, wrong that political development is a necessary prerequisite for economic development as fairly prosperous but repressive regimes in Chile Taiwan, and the Philippines demonstrate. And while most people can agree on what might constitute an advanced economy plentiful wealth fairly distributed-few can agree on what an advanced culture is. Non economic or cultural assistance would certainly create the headaches and the upheaval which the author tries to prevent...
...abolishing corporate income taxes, though retracted, reveals his shallow knowledge of economics as well as his personal bias toward the rich. With the nation suffering severe unemployment, he questions the justification for taxing corporations instead of proposing a constructive jobs program. Many companies already have an excessive concentration of wealth. Without corporate income taxes, the situation would become worse...
...support for sending the ART packing-a unlikely event-the current scrutiny provides a rare opportunity to make a hitherto experimental program fulfill its original aims-on the day-to-day side, by working with students more closely; on the intellectual side, by legitimizing through a concentration the wealth of theatrical knowledge there is to be conveyed...
Recently spruced up, but, alas, so far only externally, Grand Central Terminal is a splendid specimen of Beaux-Arts architecture. It is also the statement of an era, a monument to the triumph of the railroads in forging an empire out of a wilderness and creating a wealth of museum treasures, public libraries and handsome buildings...
Agee has thus paid the ultimate price for the blundered Martin Marietta merger: he has lost Bendix. Yet he was keeping up a brave front. Said he last week: "I firmly believe that where mergers are intelligently done, they create jobs and wealth. And this one was." He pledged to stay on at Allied "as long as I'm needed...