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When asked it Harvard's disdain for radical economics expresses supreme confidence in the American capitalist system, despite such major warnings of instability as the Great Depression and out current crisis, Eckstein replies. "It might I think it we had another big depression, we would add a fourth radical lecture [to Social Analysis 10]" This seems to voice the general feeling in the Economics Department that radical thought a peripheral to the real work of the field...

Author: By Michael S. Terris, | Title: Radical Isolation | 5/21/1982 | See Source »

Some of the anti-Soviet hard-liners within the Administration fear that the rupture of relations with Argentina may drive it into an alignment with Moscow. But most experts consider this unlikely, even if the regime of General Leopoldo Galtieri is overthrown. Capitalist and predominantly Roman Catholic, Argentina is not a likely place for a Marxist revolution, especially after years of violent government repression of leftists. Any regime that replaces Galtieri will almost certainly also be controlled by the anti-Communist military...

Author: /time Magazine | Title: Stormy Times for the U.S. | 5/17/1982 | See Source »

...Marxist revolutionary Nor did they pose a lethal threat to United Fruit's interests, its fruit-producing lands remained untouched But America, caught up in the hysteria of McCarthysim and the Cold War, flinched. The reflex to react immediately and decisively against any perceived danger to the capitalist status quo, in the United States or abroad, became highly developed Arbenz, a flawed politician in Schlesinger and Kinzer's eyes was nonetheless a true pluralist and certainly not a Marxist. But in Washington, where the CIA was steadily gaining influence and officials saw red in every corner, the Guatemalan reforms were...

Author: By Antony J. Blinken, | Title: The Fruit of Callousness | 5/4/1982 | See Source »

...U.S.S.R., both of which tend to stand innocently in the wings, elicit criticism as well. They selfishly inflict the American-Soviet dispute on a region whose occupants have many more pressing concerns than whether the "Reds are coming" or whether the descent of the "Capitalist boogeyman" is imminent...

Author: By Rosalyn E. Jones, | Title: A Peaceful Resolution | 4/12/1982 | See Source »

...farmers are permitted to sell privately the produce cultivated on their own plots. The contrast to the state-run stores was striking. The counters of the market stalls were covered with crisp apples, firm tomatoes, leafy lettuce, crunchy carrots, and of course, mounds of mushrooms. Just a dab of capitalist incentive in a socialist economy...

Author: By Allen M. Greenberg, | Title: From Russia With Frustration | 4/12/1982 | See Source »

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