Word: capitalistically
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Dates: during 1950-1959
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Return to Sender. "They accuse me of using the capitalist press," Dedijer complained to TIME'S Belgrade Correspondent Ed Clark last week. "It's my right to speak to the press . . . After all I was one of the writers of the Declaration of Human Rights in the United Nations." The appeal he had tried to cable to Marshal Tito in India, said Dedijer, came back with a message written on the reverse side: "The very fact that you should try to cable Tito shows that you need discipline and should be punished." It was signed...
Before a roaring wood fire, Nehru asked Tito about his relations with the West. Tito assured Nehru that Western aid carried no strings, that the West favored strong, independent countries. Nehru interposed: "Even if they are building Socialism?" Tito answered Nehru: "Provided that they are genuinely independent." The capitalist West simply has to aid underdeveloped countries, said Communist Theoretician Tito, or choke itself with its own productivity. Tito and Nehru subsequently put out a joint communique (written by Nehru) denying that they would form a "third bloc, or third force." In private. Jawaharlal Nehru expressed their reasoning more bluntly...
...work and play, Toledo Lawyer Edward K. ("Ted") Lamb easily matches the conventional picture of a capitalist. His Edward Lamb Enterprises, Inc. includes six radio and TV stations, the Erie (Pa.) Dispatch and six manufacturing concerns, with a total value of more than $30 million. He flies to plush ski resorts in his blue-grey Aero Commander, has an autograph collection valued at more than $50,000, and lives in a 126-year-old, $300,000 mansion. But to the Federal Communications Commission, Ted Lamb's capitalistic coloration is suspect. For ten weeks it has been investigating charges that...
...capitalism as it was in 1867 when Marx published Das Kapital, and most anti-Communists answer with a theory of capitalism developed more than 150 years ago by Adam Smith in his Wealth of Nations. The reason for this, says Adolph A. Berle Jr. in The Twentieth Century Capitalist Revolution (Harcourt, Brace; $3), is that "no adequate study of twentieth-century capitalism exists . . . No one, it seems, has seriously undertaken to restate the actual practice of American capitalism as it has developed since, let us say, 1930, describing its operations and results, and readjusting theories to conform to fact...
...traditional pro-capitalist answers the statist by asserting that the essential limitation upon corporate power is exercised by what "economists refer to as the 'judgment of the market place' . . . which was assumed to be a powerful controlling factor. By declining to provide capital, it could, in theory, check overexpansion, could favor enterprises which the country needed most . . ." But Berle does not believe that the judgment of the market place plays this part in contemporary U.S. capitalism. The modern corporation is strong enough to ignore the judgment of the market. The spectacular fact is that most...