Word: capitalist
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...formed a powerful new rival Pan-African labor group at a November meeting in Lagos, Nigeria, right in Nkrumah's own West Africa. As the evening progressed, it became clear that Mboya was what the vanguard activists were most upset about, and that TIME was guilty of capitalist intrigue when it "dared" compare Nkrumah and Mboya. "Through Kwame Nkrumah, Tom Mboya happened to be built up as an African nationalist leader," explained Labor Official John Tettegah. "Now Mboya has become so conceited he thinks he is God and the world is his." Added N. A. Welbeck, Nkrumah...
...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...