Tag: communism
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Communism, Capitalism and the Third Thanksgiving
NPR: Communism, Capitalism and the Third Thanksgiving Paul Solman: It being Thanksgiving, we give today's post to Governor William Bradford of the Plymouth Colony, built by pious Protestant purists backed by profit-seeking investors. Bradford tells the story of the tough Massachusetts winter of 1623 and how the colony barely survived, unable to raise enough food…
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Seven things I learned about transition from communism
Vox: Seven things I learned about transition from communism by Harvard Economist Andrei Shlefier Twenty years ago, communist countries began their shift towards capitalism. What do we know now that we didn’t know then? Harvard's Andrei Shleifer, the Russian-born, American-trained economist, provides his answers and their relevance for contemporary policymakers. First, in all countries in…
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The end of Communism? Cuba sweeps away egalitarian wages
The Independent: The end of Communism? Cuba sweeps away egalitarian wages Raul Castro's reforms continue with abolition of rule that labourers and surgeons earn the same. Cuba took another leap away from Fidel Castro's creaky egalitarian model yesterday when it swept away the wage restraints that have kept surgeons and taxi drivers on much the…