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Word: capitalisme (lookup in dictionary) (lookup stats)
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I don't know what we all expected the Khmer Rouge to do when it came to power. It is impossible, of course, to change a nation from decayed urban capitalism to peasant socialism (the Khmer Rouge's program all along) immediately and quietly. I know when I first read...

Author: By Nick Lemann, | Title: Cambodia and Crimson Politics | 9/1/1975 | See Source »

The new NCLC analysis (circa May) of the world situation is that capitalism is collapsing because of the international debt structure, which was at the time up in the trillions and had to be paid off by June 30, the end of the fiscal year. The man I talked to...

Author: By Nick Lemann, | Title: MISCELLANY | 8/12/1975 | See Source »

The conclusion of TIME'S survey of modern capitalism [July 14] is that "there is no alternative that credibly promises both wealth and liberty." Nonsense. Defenders of capitalism (TIME included) naturally propose Communism as the only alternative, since nobody wants that oppressive system. The real alternative to both systems...

Author: /time Magazine | Title: Forum, Aug. 11, 1975 | 8/11/1975 | See Source »

I must quarrel with one point. John Maynard Keynes may "often" have been called the "savior of capitalism" but not by those familiar with free market economics. Keynes preached government interventionism, which is antithetical to the doctrines of Adam Smith. "In the long run we are all dead," Keynes said...

Author: /time Magazine | Title: Forum, Aug. 11, 1975 | 8/11/1975 | See Source »

Scared Off. The lack of any credible policy aggravates the economy's malaise. "Until there is stability of some kind, no one will have any confidence," observed a Lisbon businessman. "Right now, I'd accept anything except the Maoists if the government could only make it stick." Foreign...

Author: /time Magazine | Title: PORTUGAL: Western Europe's First Communist Country? | 8/11/1975 | See Source »

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