Word: capitalistically
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Still, the direction in which the American elite is changing right now seems quite clear. We are somewhere in the course of the greatest capitalist boom in our history. One result is that capitalists will make up our country's next elite. The credential you will have to present to enter that virtual room in which candidates for office are chosen, educational institutions run, foreign alliances forged and social arrangements set will not be family background or educational achievement. It will be having started a successful business and made a lot of money...
When this happens, it will bring us full circle. A century ago, this country had a capitalist elite personified by such business titans as J.P. Morgan, John D. Rockefeller and Andrew Carnegie. Then we spent the whole 20th century trying to replace it with other kinds of elites--two of them, to be specific. Now we're headed right back where we started...
Fidel Castro and Miami politicians are already using six-year-old ELIAN GONZALEZ as a poster boy. Now Madison Avenue wants a piece of the photogenic tyke. As long as Elian is a guest in capitalist America--pending a U.S. court decision on his fate--companies like the popular Web-search firm AltaVista want to cast him in commercials. An advertising firm based in Portland, Ore., Wieden & Kennedy, which produces AltaVista's ads, tells TIME it is making a pitch to Elian's Miami family about using the boy's image in a national spot...
Fidel Castro and Miami politicians are already using six-year-old Elian Gonzalez as a poster boy. Now Madison Avenue wants a piece of the photogenic tyke. As long as Elian is a guest in capitalist America - pending a U.S. court decision on his fate - companies like the popular web-search firm AltaVista want to cast him in commercials. An advertising firm based in Portland, Ore., Wieden & Kennedy, which produces AltaVista's ads, tells TIME it is making a pitch to Elian's Miami family about using the boy's image in a national spot...
...idea, coming from most entrepreneurs, would be laughed off a venture capitalist's private plane. Time Warner, TIME's parent company, last year scrapped plans to launch a women's information cable network, concluding that it would not be profitable. But Laybourne was able to attract investments from the likes of Paul Allen (co-founder of Microsoft), Bernard Arnault (chairman of the luxury-goods company LVMH) and America Online (which plans to merge with Time Warner), building a programming fund of more than $400 million. She has also drawn a raft of veteran producers and, as business partners, the Hollywood...