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...pity that so many Congressmen equate President Johnson's poverty bill with creeping socialism, or even Communism. Actually, the passage of the bill and the program's success would accentuate the superiority of the capitalist system. The program would not only raise the impoverished to a subsistence level, but would prepare those with greater ambition and ability for advancement in the area of their training...

Author: /time Magazine | Title: Letters: Apr. 10, 1964 | 4/10/1964 | See Source »

...year-old "rebel girl," who made her first speech on a New York street corner in 1906, came to Lowell House last night and gave a bunch of capitalist intellectuals hell...

Author: By Sanford J. Ungar, | Title: Red 'Rebel Girl' Wows Intelligentsia | 4/9/1964 | See Source »

...could just loosen up the full democratic processes--bring about the full integration of all people, relieve restrictions on minority parties--we could have a socialist America even under the present American forms and system," she said. "We won't have to take to the hills. The more the capitalist class improves the United States, the better it will be to take over...

Author: By Sanford J. Ungar, | Title: Red 'Rebel Girl' Wows Intelligentsia | 4/9/1964 | See Source »

...There is no such thing as Communist business techniques and capitalist business techniques," says Marton. "The only difference is who gets the profits." Sljeme pays taxes to the government, but the council decides whether the company's earnings should be paid out to the employees or reinvested. Sljeme's net profit averages a respectable 4% of sales, and earnings are usually reinvested. Is there a practical limit to Sljeme's growth? "Oh, yes," says Marton quickly. "There is a limit. The sky." It is clear that he has also learned a few lessons from Madison Avenue...

Author: /time Magazine | Title: Yugoslavia: Capitalistic Comrade | 4/3/1964 | See Source »

...stand on their own with a minimum of bureaucratic stuffiness. IRI has sold to private investors up to 45% of the stock in some of its individual companies, has joined in ventures with U.S. Steel and Raytheon. Italy's leftists have damned IRI as a thinly disguised capitalist entity; on the other hand, conservatives have complained that it aggravated inflation by breaking industry's united front against the unions' wage demands last year. But almost all political factions support the company because it is so important to the economy. On the instep of the Italian boot...

Author: /time Magazine | Title: Italy: A Fundamental Instrument | 3/27/1964 | See Source »

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