Word: systemized
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Dates: during 1980-1980
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...forcibly formed the East bloc after World War II. Indeed, events there have, in a sense, stripped the clothes right off the empire. Walesa and his colleagues in the Solidarity leadership know that they are, as it were, condemned to Communism; their basic goal is not to reject the system but to make it work better...
...Polish economy, in the words of a Western diplomat, is a "result-oriented system which unfortunately does not produce results...
Intentionally vague about his political ideas, he claims to be a simple "union man." But his political goal seems to be an amalgam of Christian socialism and Polish nationalism. He has read Alexander Solzhenitsyn and shares his views of both Communist and capitalist shortcomings. "No system must make people forget that they are human beings," says Walesa. Then he adds enigmatically: "My own plans are far-reaching, but it is too early to reveal them...
...signed statement, Chairman James E. Stewart complained: "The interest rate policy of the Federal Reserve System is driving the economy of the United States into self-destruction." Russell M. Rockwell, the owner of Rockwell Equipment Co. in Hamilton, Ohio, says sharply: "I don't think the Federal Reserve knows what it's doing. It's like a two-year-old kid squeezing the kitten to death, and he doesn't realize he's doing...
Frequently mentioned as a possible member of Republican Administrations, Feldstein is an advocate of less Government regulation of the private sector of the economy . A major focus of his research has been on the American Social Security system. He contends that the Government's retirement program has transferred vital investment capital into current consumption and thus hindered the long-term development of the economy...