Abstract

The World, the Free Market and the Left
Pollin, Robert | February 25, 1991 issue

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In this article, the authors focuses on the changing views about capitalism with the changes in conditions in the world. According to the authors the surrender by Russia of any weighty adversarial role seemed, in the hopes of strategists in Washington, to announce a congenial era in the economic arrangements of the world, with leadership by the major capitalist powers disposing planetary capital, resources and trade opportunities. The economic idiom of the free-marketers is now one of prolonged sacrifice, and the presumptive rewards of free-market capitalism promise to be outstripped by its penalties as the real living standards for peoples supposedly basking in its blessings continue to fall.

See Also:

FREE enterprise; CAPITALISM; POLITICAL doctrines; INTERNATIONAL economic relations; POWER (Social sciences); INTERNATIONAL trade
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