Word: laissez
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...that when someone from the developing world tries to set foot in the West, the move is always met with convoluted and unfounded criticism. The West has got to recognize that globalization, formerly a one-way street, now carries heavy traffic from the East. I guess that is what laissez-faire is all about. The West is responsible for creating the global business climate that allows tycoons like Mittal to put forward such takeover bids. I just hope that the First World is not about to backpedal in light of the recent growth and competitiveness of its Asian counterparts. Kris...
...Dunster E Entryway. There, a group of eight sipped champagne and celebrated victory. The scene was one of sublime Schadenfreude Tuesday night, as Radcliffe Union of Students Co-Chair Dara F. Goodman ’07 and friends toasted the announcement of Summers’ resignation. Laissez les bons temps rouler! It looked like your average 21st birthday, or a rendezvous between friends to celebrate a job offer. Until you started listening to the party chatter. “Down with the king!” one male Summers-hater shouted, as the revelers tossed back plastic flutes of cheap...
...were just as raucous. “Marijuana was simply the backdrop of the era,” he says. Davis doesn’t remember any drug busts or police conspiracies to break up campus happenings, and he believes that enforcement was “pretty laissez-faire.” “The University basically turned a blind eye to it,” says Davis. Beginning in 1967, freshman proctors were instructed to remind their charges about the punitive consequences of drug and alcohol use, but Victoria W. Wulsin ’75 does not remember...
...most obvious bedrock of success is entrepreneurial spirit. The U.S. has the most risk-taking, most laissez-faire, least regulated economy in the advanced Western world. America is heartily disdained by its coddled and controlled European cousins for its cowboy capitalism. But it is precisely America's tolerance for creative destruction--industries failing, others rising, workers changing jobs and cities and skills with an alacrity and insouciance that Europeans find astonishing--that keeps its economy churning and advancing...
...role in the economic affairs of the then-British colony, eliminating tariffs, lowering income tax to a maximum of 15% and slashing bureaucratic red tape. Hong Kong flourished under this policy of what he called "positive non-intervention," leading economist Milton Friedman to hail him as the embodiment of laissez-faire economics. "I did very little," Cowperthwaite said of his part in Hong Kong's prosperity. "All I did was to try to prevent some of the things that might undo...