We need a far more sophisticated understanding of the nature of the world economic system.
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And it has done more to help the poor than any other economic system ever designed.
Chernomyrdin, the paper said, was a political heavyweight who created a political and economic system.
But as Milton Friedman liked to point out, our economic system isn't just based on profit.
That a capitalism that looks purely to financial return is an economic system not worth having.
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If you fix one part of the economic system, trouble has to show up elsewhere.
And the same holds true if you merely want a half-way efficient and reliable economic system.
Japan was late in developing its economic system compared with other Asian and Islamic countries.
His challenge was to confront an entire economic system based on exploiting the forest for its animals.
But added to other built-in problems in Argentina's economic system, the ill-conceived plan has produced a mess.
The deficit, in other words, is a problem but the mechanics of the economic system is another.
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The key to this global economic system was the importance placed on commercial activities by Islamic merchants.
And indeed, no conceivable economic system could offer that kind of job to everyone who wants one.
The individual is at the center of any economic system, and individuals are pushed and pulled by incentives.
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So it was deeply disorienting when the economic system I thought was generally sound took an unexpected nosedive.
Moreover, it would not be good for the global economic system to have a totally fixed money supply.
The entire aim of an economic system is to increase what it is possible for people to consume.
And we seek an open international economic system, where rules are clear and every nation plays by them.
The global economic system required reform so that it worked "in the interests of the whole of humanity".
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But there are other reasons why the BRICs might damage the global economic system, rather than buttress it.
So how can we wonder if the economic system is dying when its standard-bearers have never been stronger?
It includes people with barely a foothold on the economic system and those who are pillars of it.
To paraphrase Churchill, capitalism is the worst economic system except for the alternatives.
The fundamental point is that the Japanese economic system is not Western capitalism.
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Al normally found the economic system on the verge of dysfunctionality, but never opined, wisely, on the stock market.
So some elements of freedom are included in how an economic system works.
The U.S. economic system has shown time and again that innovation is part and parcel of its unrivaled development.
And supposedly it is yet another testament to how superannuated and dysfunctional the Japanese economic system has allegedly become.
Their goals have been to tame the excesses of this economic system and to make capitalism fairer for all Americans.
It seems improbable that such sweeping changes in the economic system would not be somehow reflected in the political system.
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