Word: classing
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Dates: during 1980-1980
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...developing nations of the Third World that capitalism today is weakest. Most new countries lack an entrepreneurial class, and they usually adopt some form of statism. Often, existing elites in tribes or clans prefer a centralized system that reinforces their own authority...
...society, Communism has always established its own "new class," which enjoys special privileges and benefits...
Rather than pushing workers deeper into poverty, as Marx predicted, capitalism has lifted the vast majority of laborers into the middle class. In addition, modern unions have given employees a counterforce to management's power. An economic downturn now hits harder at corporate profits than at wages, which are usually fixed by contract...
...made smoother because Japanese business and government chiefs understand one another: the flick of an eyebrow, the yes that is not really a yes, the small nuance of conversation that can never be written down. Comprehension comes because these leaders usually have the same roots of culture and class. Often, they have gone to the same elite schools and universities. Says Norishige Hasegawa, chairman of Sumitomo Chemical Co., as he points to his school necktie: "The old-school-tie system is not unique to Japan, but we do not have as many different schools as Western countries...
...late fall of 1971, John Dean, counsel to the President, asked Liddy to set up "an absolutely first-class intelligence operation "to ensure Nixon's re-election in 1972. Liddy said such an effort would cost $1 million. "No problem, "he quotes Dean as replying. Liddy and Hunt set about recruiting people for the operation...