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mixed economy |
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mixed economy an economy in which some industries are privately owned and others are publicly owned or nationalized How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The sense in the early 1960s that Catholic France, Belgium, Germany, Italy, and the Netherlands needed renewal if Catholicism was to survive in the modern West spurred the architects of the Second Vatican Council, most obviously in Gaudium et spes (1965) with its call for Catholic engagement with the modern world, and in the more general conciliar recognition of the achievements of liberal democracy, mixed economies, and modern science. The founders of the new mixed economies, like their communist cousins, believed that state-owned industries would lead the way toward modernization and growth. When I asked them to name countries that resolved these problems, Finland, Sweden, and Austria led the list - all three parliamentary democracies with mixed economies and generous social services. |
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