Word: capitalist
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...created by the ravages of 40 years of war. Afterward, we made costly mistakes in our effort to rebuild the country. Now we know the mistakes and their price. We were too hasty, too simplistic, too subjective. We tried to build socialism without going through the necessary period of capitalist development. Today we are correcting those mistakes with a profound and thorough renovation. A policy has already begun that wipes out a centralized bureaucracy based on state subsidies that caused our people suffering...
...dubious honor, even for the most hard-line of Communist nations. But after months of negotiations, North Korea, the xenophobic workers' state run by Communist Leader Kim Il Sung, was publicly declared by capitalist bankers to be in default on its foreign debt. Reason: the Pyongyang government's failure to make payments on $770 million in obligations to two syndicates representing 140 banks. Other countries in the past have halted payment of debt but struck deals with foreign lenders, earning more favorable terms and fresh credits. In North Korea's case, says one European banker, "nobody in their right minds...
...Unlike capitalist versions of the game, lapta prohibits base stealing, since the bases belong to all the people and are not to be appropriated for individual use. Sacrifices, on the other hand, are encouraged and often occur even with no runners on base. Instead of left-, center- and rightfielders, the lapta outfield features two leftfielders followed around by a fleet fellow traveler, or occasionally a British free agent eager to play ball with the Russians...
They are also famous for appreciating a good joke. One was told by the famous star Lefty ("Babe") Jabov, who once hit 62 homers in a year, more than Ruth or Maris or other inferior Americans weakened by decades of debilitating capitalist exploitation of the toiling masses. After a called third strike, the fun-loving slugger turned to the beloved umpire and quipped, "But, comrade, Marx said that when workers controlled the means of production, there would be no more strikes!" The joke was considered so funny that Jabov was not jailed at all but merely sent down...
Economic Cooperation. How far are the Soviets willing to go to join the international economic community? Here too their words are surprising. They profess to be interested, for example, in participating in such capitalist cabals as the General Agreement on Tariffs and Trade and the International Monetary Fund. The question is whether they are willing to make the substantial accommodations involved. Says Peter Peterson, former Commerce Secretary under Richard Nixon and now chairman of the Council on Foreign Relations: "For GATT, this would mean having market prices for commodities in order to prevent unfair dumping practices. For the IMF, this...