Word: macdonaldization
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...terms "Socialism" and "Communism" as interchangeable synonyms. The basic doctrine behind both words is a concept of society in which the State would own all means of production and private, or "capitalistic," profit would be eliminated. Regrettable is the extreme looseness of meaning which: 1) permits James Ramsay MacDonald to call himself a "Socialist," although he does not strive for State ownership of the means of production; and 2) permits Josef Stalin to be known as a "Communist," although he recently restored to Russian peasants the right of private trade with its inevitable capitalistic profits (TIME...
...Conference met not in Lausanne, high above placid Lac Leman, but in suburban Ouchy at the water's brim, in the Grand Ballroom of the Hotel Beau-Rivage. Around an oblong table the delegates of 14 nations* faced each other with a great calm. Prime Minister Ramsay MacDonald, Premier Edouard Herriot, Chancellor Franz von Papen and the rest knew that their action must be to postpone action, adopt a temporary European moratorium and lay plans for drawing the U. S. into general cancellation of Reparations & Debts-after the U. S. elections next November...
...manner of Governor Roosevelt quoting great Democrats of the dead past, Prime Minister MacDonald opened the Conference with a speech quoting the Basle Committee's urgent advice last year that "adjustment of all intergovernmental debts to the existing troubled situation of the world . . . should take place without delay if new disasters are to be avoided" (TIME, Jan. 4). A great orator, Scot MacDonald gave new freshness to this stale, sound advice by rolling out such exhortations...
Arthur Havers, playing against a posted score, needed a 70 to tie. When he went out in 37, his gallery began to see he would not get it. He finished third with 289 for four rounds, a stroke behind MacDonald Smith...
...week the flower of Georgian England watched George & Mary unveil Queen Alexandra, congratulate Edwardian Sculptor Gilbert. Watching were Edward, Prince of Wales who had put on his Welsh Guards uniform, the Duke of Gloucester as a hussar, the Duke of York and Prince George as naval officers, Premier Ramsay MacDonald, the Duke of Portland. Next day King George knighted Sculptor Gilbert who had outwaited the world...