Even so, the instant discarding of 40 years of national-socialist commercial culture is likely to create serious distortions.
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Until recently India did not allow the import of Coca-Cola--a manufactured product, yes, but no less an emblem of commercial culture.
Before Thatcher, many social observers thought that Britain had an ingrained, unchangeable, anti-commercial culture that would forever stand in the way of the country becoming an economic success.
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Tyler Cowen is a professor of economics at George Mason University in Fairfax, Virginia, and is also the author of In Praise of Commercial Culture (Harvard University Press, 1998) and What Price Fame? (Harvard, 2000).
With vast, hugely overstaffed branch networks and far weaker balance sheets, cutting costs and instituting a commercial credit-culture will be a gigantic task.
Final consumption expenditures of households include outlays for purchasing consumer goods and services from all trading enterprises and city markets, non-organised trade (street vendors), from public service, passenger transport, communications establishments, hotels, commercial Institutions of culture, health care and education.
The same cannot be said for others who have been quick to cash in on the commercial boom in aboriginal culture.
In 1969 the Chicago Seven, on trial for violently demonstrating against the violence of war, turned the courtroom into an agit-prop theatre, a commercial for the counter-culture of the time.
Long-tail enthusiasts argue that the whole of culture will benefit, not just commercial enterprises.
One classic cultural success is the example of Bankers Trust, where Alfred Brittain and Charlie Sanford formed a team that changed the corporate culture from that of a traditional commercial bank, highly valuing a measured pace of decision making, to that of a more transaction-oriented global merchant bank, emphasizing fast reactions, state-of-the-art communications, and sophisticated controls.
What makes Oshkosh a little different from big defense contractors like Lockheed Martin and Northrop Grumman is that its culture remains oriented mainly to civil and commercial markets, where it is an acknowledged leader in many vehicle categories.
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So I don't accept this argument that there's some benefit to culture in allowing people to make copies of commercial films and getting them for free.
By contrast, most of Europe's global aspirants are owned by commercial banks, whose conservative traditions clash with the fast-paced, deal-making culture of successful investment banking.
Over the past decade, its transformation from a snooty commercial bank into a market-oriented investment bank has fostered a more outward-looking and less separatist culture.
Culture, media and sport spokesman Baroness Garden of Frognal told him that "suppliers are paid the full commercial rate for their goods and services, and are bound by the 'no marketing rights' clauses in their contracts".
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