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Historic Obstacles. In all, 54 of the firms were started in the past five years, a period that coincides with the Nixon Administration's Black Capitalism program. Many of the largest firms, however, neither got nor needed Government aid. Their success, says Black Enterprise Publisher Earl Graves, is evidence...

Author: /time Magazine | Title: BLACK CAPITALISM: Rise of Entrepreneurs | 6/25/1973 | See Source »

Gaddafi's Islamic socialism, which he grandly describes as a unique "Third International Theory," rejects both Western-style capitalism and Eastern-style Communism. He clearly regards himself as the one true successor of his hero, Egypt's late Gamal Abdel Nasser, as leader of the Arab and Islamic...

Author: /time Magazine | Title: LIBYA: The People's Revolution | 6/4/1973 | See Source »

The Marxist renaissance is a peculiar phenomenon. By any empirical standard, Marx's major prophecies-such as Communism's triumph over capitalism or the outbreak in industrialized societies of the workers' revolution-have proved false. No economy based on his teachings has approached the efficiency of a...

Author: /time Magazine | Title: EUROPE: The Odd Renaissance of Karl Marx | 5/14/1973 | See Source »

Although there is no sign that Western Europe is on the verge of a leftist revolution, businessmen are noticeably worried by the new style of militant Marxism. Siemens Executive Anton Peisl fears that "the mentality and vocabulary of the class struggle is gaining ground," that professors, journalists, union bosses and...

Author: /time Magazine | Title: EUROPE: The Odd Renaissance of Karl Marx | 5/14/1973 | See Source »

The trial brings into rare public focus the strange status of prostitution in Poland and other East European countries. Officially it does not exist. According to Communist dogma, the world's oldest profession is an evil peculiar to capitalism and has no appeal in a socialist state. In fact...

Author: /time Magazine | Title: POLAND: The Hard-Currency Girls | 5/7/1973 | See Source »

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