Word: capitalisme
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There is no moral or spiritual superiority implied in the assertion of European accomplishment. The hegemony of European civilization was based largely on the successful application of new knowledge to solving problems and conquering nature, and much of that success was based on circumstance and ingenuity. Italian merchants of the...
Two decades ago, between acting jobs, David Mamet worked in a real estate & office. There, the playwright later recalled, salesmen peddled "tracts of undeveloped land in Arizona and Florida to gullible Chicagoans." It was a chance to observe up close these dinosaurs of capitalism ("An idea," Mamet said, "whose time...
One can imagine the fervent ideological objections: planned conversion, like planned anything, would be an "industrial policy," meaning "social engineering" in George Bush's lexicon, meaning socialism and leading straight to the gulag. But military pork-barreling is a kind of industrial policy itself, in which the "plan" seems to...
The attack on politicians is misguided when it focuses on the political operator's hedging or hesitating ways. George Washington stalled and twisted to wrest compromise from his Secretaries of State (Jefferson) and the Treasury (Hamilton). Franklin Roosevelt saved capitalism under a cover of anticapitalist rhetoric. Dwight Eisenhower, under a...
PART OF THE AMERICAN COMpetitive response has been technological, driven by the computer chip, which some analysts say has caused more industrial dislocation than any other advance in the history of capitalism. In the early 1980s it arrived in manufacturing in the form of robots and computerized machine tools; in...