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...those Libyan links and uncertainty about how effectively Taylor might govern Liberia, Washington distrusts him. All American citizens have been urged to leave. Four U.S. warships are stationed off the coast to evacuate them if necessary. Taylor says U.S. suspicions are misplaced. He describes himself as "a cold-blooded capitalist" and has said that his heroes are "Tricky Dick Nixon" and "good old Ronnie." State Department analysts believe that there is in fact little ideological difference between Taylor and Doe and that their struggle is simply for power. The U.S. provided Doe with hundreds of millions of dollars...

Author: /time Magazine | Title: Africa The Would-Be President | 6/18/1990 | See Source »

...members of Congress, including Republicans, but Capitol Hill is unlikely to muster the two-thirds vote of both chambers that would be needed to block the measure. Bush argued his case on economic grounds, claiming that to deprive Beijing of its MFN classification would harm the Chinese people, cost capitalist Hong Kong 20,000 jobs and $8.5 billion in exports of Chinese-made goods processed in Hong Kong, and add 40% to the prices American consumers must pay for Chinese imports. But he also defended his action as the best way, ultimately, to ensure a more democratic China. "The people...

Author: /time Magazine | Title: China One Year Later | 6/4/1990 | See Source »

...going to give us our land back, and when?" shouts a burly farm worker. Before anyone can answer, a thin man with a red face rises to denounce Ion Ratiu, the Peasant Party leader and one of three presidential candidates. "He's a capitalist who ought to go back to the West," the man blusters. Retorts another angrily: "Provocateur, who sent you? If you don't like it here, get out before we throw you out!" By now, half the audience is on its feet, and only restraining arms prevent protagonists from coming to blows...

Author: /time Magazine | Title: Romania Two Cheers for the Front Runner | 5/21/1990 | See Source »

...argued for convergence, for a rapprochement of the socialist and capitalist systems that could eliminate or substantially reduce these dangers. Economic, social and ideological convergence should bring about a scientifically governed, democratic, pluralistic society free of intolerance and dogmatism, a humanitarian society that would care for the earth and its future and would embody the positive features of both systems...

Author: /time Magazine | Title: Sakharov: Years In Exile | 5/21/1990 | See Source »

...productive investment has declined over the decade, as our crumbling infrastructure can attest. So interest payments on the national debt have made at least a small contribution to income inequality without any growth payoff. If traditional welfare is paying people not to work (a common gripe), this is the capitalist equivalent: paying money not to work...

Author: /time Magazine | Title: Essay: Welfare For Coupon Clippers | 5/7/1990 | See Source »

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