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Islam and Economics. A devout Muslim would be equally opposed to the materialism of the West and the atheism of Communism. Islam has a flexible view of economics, which lends itself to either capitalist or socialist interpretations. It approves individual initiative, respects private property and tolerates profits within limits. Muslims, in short, are encouraged by their faith to acquire the good things of this world, but the emphasis is on moderation and communal responsibility...

Author: /time Magazine | Title: The World of Islam | 4/16/1979 | See Source »

Dismay over the effects of industrialization helped fuel the popular unrest that brought down the Shah in what Princeton's Richard Falk calls "the first Third World revolution, one which is neither Marxist nor capitalist but indigenously Islamic." Some Iranian officials believe that their revolution will inspire other uprisings in the Muslim world. "I think a new era of Islamic struggle and a new Islamic awareness have been triggered by our revolution," says Ibrahim Yazdi, Deputy Prime Minister for Revolutionary Affairs. "From now on, all Islamic movements that were dormant or apologetic in their approach to change or action will...

Author: /time Magazine | Title: The World of Islam | 4/16/1979 | See Source »

...Daily have attacked the posters' call for human rights as "a slogan of the bourgeoisie and not of the proletariat." A front-page editorial in the Peking Daily contained one of the most ferocious assaults on capitalism to appear in China in several months. Said the paper: "Capitalist society is a mercenary slave system, involving police persecution, suicides, prostitution and so on." The Daily also castigated "certain young comrades" for their "lack of patriotism" in "begging for the support of imperialism in their espousal of human rights...

Author: /time Magazine | Title: CHINA: Wilting Flowers | 4/2/1979 | See Source »

...Redemptor Hominis (Redeemer of Man) is a bold document that asserts religion's role as the conscience of the modern world, places Christ and individual man at the center of history and saves its sharpest language to criticize the dehumanizing excesses of modern political and economic systems, capitalist and Communist alike...

Author: /time Magazine | Title: Religion: Man Cannot Become a Slave | 3/26/1979 | See Source »

...Trotskyist analysis of the Soviet Union and the other deformed workers states is that the economic gains of the anti-capitalist revolutions remain intact; i.e. there is no bourgeoisie, private property has been collectivized and there is a planned economy. But the self-serving Stalinist bureaucracies have politically expropriated the working class by excluding the most elementary expression of proletarian democracy: workers soviets. We give no support to one Stalinist regime over another but call for political revolution against the bureaucracies whose class-collaborationist policies sabotage the very existence of the collective property forms upon which their states rest...

Author: By Alison Schorr, | Title: The Peking-U.S. Collusion in Vietnam | 3/23/1979 | See Source »

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