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...nation of young people. Nearly 60% of the island's 10.7 million people were born after Castro came to power in 1959. They have known only socialism. They are the healthiest and best-educated younger class in Latin America, but they are greedy for more. They yearn for capitalist fare like jeans and jogging shoes, rap records and videocassettes. They have had their fill of rhetoric and bureaucracy, of long lines for buses and hamburguesas, the Cuban version of an American favorite, made with pork. The most visible rebels, known as los freekiss (freakies), hang out in the park around...

Author: /time Magazine | Title: Cuba: Dancing the Socialist Line | 8/12/1991 | See Source »

...late Malcolm Forbes himself long owned a Boeing 727 (which he dubbed the Capitalist Tool). Omaha billionaire Warren Buffett is famous for not buying a plane until, in 1986, he finally gave in to expediency and bought an 18-year- old Falcon 20 (which he dubbed the Indefensible). My well-shaved houseguest, meanwhile, awaits delivery of a new $25 million Gulfstream IV. It's just nice to be able to pick up and go when you want...

Author: /time Magazine | Title: Oh, Herbie, Don't Be Ridiculous | 8/5/1991 | See Source »

...Moscow with sacks of money, he achieved something perhaps equally dramatic. He dispersed the cloud of suspicion that had always shrouded Moscow's dealings with the Western democracies. By sitting down at the negotiating table with the leaders of the West and by seeking membership in the leading capitalist institutions, Gorbachev announced that the Soviet Union's ideological isolation from the rest of the civilized world is over...

Author: /time Magazine | Title: Soviet Union: Helping Him Find His Way | 7/29/1991 | See Source »

...demise of old countries and the birth of new ones are more likely to be peaceful if they occur in a cooperative international environment where economies are capitalist, trade is free, political life is democratic, security is collective, and some degree of sovereignty is pooled. Europe -- thanks to the Common Market, the Helsinki process and the march toward integration in 1993 -- is closer to that ideal than anywhere else. Hence Slovenia, Lithuania and the Ukraine have somewhere to go. And, crucially, their masters in Belgrade and Moscow have less to fear in letting them...

Author: /time Magazine | Title: America Abroad | 7/15/1991 | See Source »

Only a few old functionaries have prospered since unification. Hartmut Lehmann, a veteran engineer with the Transport Ministry, made plans in 1989 to start a construction business in Hungary where, he says, "capitalist trends had already begun." Unification changed his mind: he stayed at home to found Economy & Market, a monthly journal aimed at eastern Germany's new entrepreneurs, and a construction firm with 200 workers. He recently bought the old East German trade-union newspaper Tribune for a mere $85,000, converted it into a nonpolitical daily and moved to make it more efficient and profitable by replacing...

Author: /time Magazine | Title: Where Have the Commies Gone? | 7/8/1991 | See Source »

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