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Feldstein also praised the capitalist market system, in keeping with the conservative bent for which he has become so well-known...

Author: By Alexandra M. Gutierrez, CONTRIBUTING WRITER | Title: Feldstein Says Farewell | 5/5/2005 | See Source »

...rural life in works such as Peasant Life in China and From the Soil; in Beijing. One of China's most distinguished and prolific scholars, Fei helped lay the foundation for sociology in China, only to fall from grace during the Cultural Revolution for studying what was considered a capitalist science. Rehabilitated, he became Vice-Chairman of the National People's Congress Standing Committee, and later served as an adviser to then-Shanghai party secretary Jiang Zemin during the 1989 student-led democracy movement...

Author: /time Magazine | Title: Milestones | 5/1/2005 | See Source »

...eliminated in the end. So the overriding task is to be engaged in the Four Modernizations with one mind and one heart. What we are doing is making the best use of the inherent characteristics of socialism. We also want to make use of the useful features of the capitalist system to stimulate the productive forces of society...

Author: /time Magazine | Title: An interview with Deng Xiaoping | 4/18/2005 | See Source »

...Germany. The next, he was country cracker. Kennedy's cigar match went wild and landed behind Khrushchev's chair. "Are you trying to set me on fire?" snorted Khrushchev. "Not at all," Kennedy assured him (though, as Kennedy later mused, the thought was tempting). "Ah ha!" answered Khrushchev. "A capitalist, not an incendiary...

Author: /time Magazine | Title: When History Reaches a Peak | 4/18/2005 | See Source »

...Taiwan and Singapore, they foresee further declines in Japan, Hong Kong, Malaysia, Thailand and New Zealand. Said Edward Chen, a board member and director of the Center of Asian Studies at the University of Hong Kong: "I do not see a very bright picture for 1986." Only China, where capitalist-style reforms have helped drive growth to an estimated 12% this year, is expected to expand at a very rapid clip...

Author: /time Magazine | Title: Running Out of Steam | 4/18/2005 | See Source »

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