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Jul 31, 1997

Risky Business

Failure to promote an enterprise culture could cost Europe dear

For Sam, the ultimate vindication of free-market economics was not the collapse of communism. That, he always believed, was inevitable, given the many inefficiencies of the system. So there was little satisfaction in it. No, what gives Sam real comfort are the problems currently being faced by countries such as Germany. Sam is not exactly an original thinker but he is both energetic and articulate. He used to be a professor of economics at a west coast university. In the 1970s, he embraced

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