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Fedorov's experience of fortune mixed with frustration is typical of the thriving entrepreneurs -- capitalists without the name -- who exemplify a key but controversial part of Mikhail Gorbachev's economic-reform program, the cooperative movement. In 1987 Gorbachev proposed the formation of privately owned, profit-oriented cooperative enterprises to supplement and even compete with state-run projects. The primary goal of his proposal, which in many respects echoed Lenin's quasi-capitalist New Economic Policy of 1921, was to inject vitality into the U.S.S.R.'s laggard consumer goods and services industries. In addition, the new co-ops would pay taxes...

Author: /time Magazine | Title: On the Front Line | 4/10/1989 | See Source »

...Fidel Castro. While Gorbachev's glasnost and perestroika earn admiration from both developed and developing countries, Cuba has yet to give its stamp of approval. For Castro, Cuba's leader for the past thirty years, "restructuring" may entail betrayal of the revolution, a return to what he has called "capitalist euphoria...

Author: By Ghita Schwarz, | Title: A Stubborn Castro | 4/5/1989 | See Source »

...well as write cards is not an easy one for preservationists to swallow," Graff concedes. But "if there was more of a willingness to pay for maintaining the environment, we wouldn't have to rely on bureaucratic whim." It is evident that Willey and Graff believe in their neo-capitalist approach. The bottom line then naturally presents itself: Gentlemen, what do we get for our money...

Author: /time Magazine | Title: Water Marketing A Deal That Might Save A Sierra | 4/3/1989 | See Source »

Private funding can also help. This month the bloc's first privately financed business school will open in Budapest. A Rockefeller Brothers Fund program assists private agriculture in Poland. But so far the private stake has been small. In the past, the East bloc regimes have disdained such capitalist assistance. Now Western investors worry about instability. "If they want new money and new investment from the West, they've got to create an economic and social climate so Western business executives will sense they're dealing with a stable situation, unfettered by bureaucracy, ((with)) a normal return they can repatriate...

Author: /time Magazine | Title: Special Report: Eastern Europe: Chips Off the Old Bloc | 3/27/1989 | See Source »

Then we have been constantly criticizing the competitiveness and the market process of your own system to the point of excluding the very word market from any discussion of our country. A market can be a capitalist or a socialist one, but it is still a market. So here we have wasted a lot of time, not to mention all that has been sacrificed and the people and the resources we have lost. Also, the system of leveled-down wages has led to a loss of interest in their work on the part of both workers and managers...

Author: /time Magazine | Title: Interview with BORIS YELTSIN: One Bear Of a Soviet Politician: | 3/20/1989 | See Source »

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