Word: capitalist
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Dates: during 1950-1959
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...musical West Side Story is adapted for Soviet consumption, Bernstein's music for the show will be inaudible. Meanwhile, top Russian Composer Tikhon Khrennikov, who toured the U.S. last month (TIME, Nov. 23) with four other leading Soviet musicians, spoke out on his impressions of popular capitalist music. Most jazz musicians, including Trumpeter Louis ("Satchmo") Armstrong, he adjudged "vulgar, unnatural and in anything but good taste." But he had a kind word for Clarinet Virtuoso Benny Goodman: kho-lodny (real cool...
...Russians have also manifested interest in input-output analysis, and are now training people to perform the necessary operations. Leontief, who visited his native Russia briefly last spring, believes that although they are "having a hard time justifying the use of an analytical tool developed by a capitalist," the Russians will resort to it soon. Certain revisions have to be made in U.S.S.R. statistical methods in order to facilitate use of the analysis, Leontief added...
Sweden has been enjoying it both ways. The spirit behind Sweden's elaborate welfare state comes from a quarter of a century of Socialist rule, but the money that supports it is provided by an economy that is almost entirely capitalist free enterprise. Last year Socialist Premier Tage Erlander promised even more welfare benefits on the easy, easy. He proposed legislation to guarantee workers over 67 years old a lifetime pension amounting to two-thirds of their average earnings at the peak 15 years of their working lives. Who would pay? Why, employers would bear the costs, getting...
...kind of foreign investment in Latin America is the joint venture combining skills and capital from abroad with capital and a knowledge of markets from local citizens. In an age of nationalism, the joint venture helps to give Latin America the outside capital it needs while giving the outside capitalist the security he wants...
...vodka that he was 20,000 rubles (about $2,000) to the good. He blithely took the money, and then the fun began. Already aware that he could not just fly out of the U.S.S.R. with a wad of Soviet currency, Author Caldwell set out valiantly to spend his capitalist-size bankroll there. But he could find almost nothing exportable to buy. In the end, Caldwell returned some 19,500 rubles to the publisher for safekeeping, ignored blandishments to hang around and live like a millionaire (a Black Sea villa, etc.) until his royalties...