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...also a conservative newspaper publisher, a budget balancer, and the most orthodox of economists; his idol is West Germany's Ludwig Erhard. Yet he is running, in economic policy at least, a government whose dominant political base is a mass leftist party called APRA. Their dislike is mutual...

Author: /time Magazine | Title: PERU: Poor Man's Conservative | 4/11/1960 | See Source »

Beltrán got his job through a strange chain of circumstances that began with the election of President Manuel Prado in 1956. Like Beltrán, Prado belongs to the aristocracy of 30 or 40 interlocking families that dominate Peru, yet he was elected by APRA on his promise, which he kept, of restoring the outlawed party's legality. APRA's advice to Prado was to develop Peru's backward land by deficit financing. Against his own preferences Prado acquiesced, and government presses cranked out endless paper sols to pay for the expansion. He was soon...

Author: /time Magazine | Title: PERU: Poor Man's Conservative | 4/11/1960 | See Source »

...cher. There will be no collapse." Quite possibly he was right. In a strange alliance, this dandified scion of the rich class that Peru calls "the oligarchs" has teamed up with Ramiro Prialé, 55, the revolutionary who bosses Latin America's greatest mass political movement, the Apra, to put Peruvian democracy on a working, paying basis...

Author: /time Magazine | Title: PERU: Working Alliance | 2/16/1959 | See Source »

Manuel Prado, banker and boulevardier, swept back in 1956 from eight years of exile in Paris to begin the process of uniting his divided country. He accepted Apra support for the presidential election, in return legalized the party when he won. For this, the oligarchs labeled him a traitor to his class. Actually, the Prado-Apra alliance may avert the class struggle between the oligarchs and the Indian masses that historians (mindful of the Mexican revolution) predict. Apra turned right and met Prado going left...

Author: /time Magazine | Title: PERU: Working Alliance | 2/16/1959 | See Source »

...Apra too has caught the idea. Once it called for revolution, but Boss Prialé now says: "That's not the way. A power plant, that's the real revolution. It means factories and payrolls. It gives the people light. It changes their lives. Everybody can work together on that-Apra, government, business, American capital...

Author: /time Magazine | Title: PERU: Working Alliance | 2/16/1959 | See Source »

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