Word: capitalisme
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Private enterprise is rather fiercely discouraged in Russia. Nevertheless, a thriving underground capitalism persists. It is carried on by daring entrepreneurs who-often with astounding ease-divert materials from government factories, turn out products in clandestine shops and sell to luxury-starved consumers on the black market. In 1961 Khrushchev...
In May 1960, Nikita Khrushchev peered across the Great Kremlin Hall and spied the millennium. "In the immediate future," he declared to the Supreme Soviet, "we shall reach the production and consumption level of the United States, the wealthiest country of the capitalist world. Then we shall enter the open...
Recognition of the new regime poured in from Communist countries: North Korea, Cuba, Red China, the Soviet Union. Okello, taking time out from his broadcasting to thank Moscow for its recognition, messaged Nikita Khrushchev his agreement that capitalism should be buried. On Zanzibar at least, declared Okello, "the grave is...
Died. Julius Raab, 72, Chancellor of Austria from 1953 to 1961, chief architect of its postwar independence, a lumbering, folksy engineer-turned-politician who in 1955 talked the Soviets into withdrawing troops from their zone of the partitioned country in return for a promise of neutrality, thereafter cut income taxes...
Conversion to Capitalism. While he was writing Mr. Dooley, Dunne had been the scourge of Wall Street and all its "malefactors of great wealth." But when fame came his way, Dunne preferred the company of Wall Streeters. When he managed to go broke at the height of the bull market...