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...whole improbable enterprise was started in the depths of the Depression by a 28-year-old Nebraska pharmacist named Ted Hustead. He had a $3,000 stake, a wife, a child of four, and the brass of a born capitalist. Now 78, with wire-rimmed trifocals, thin white hair and a deeply lined face, Ted looks like a kindly drugstore man out of Norman Rockwell. In earlier pictures, he looked more serious and resolute. "We weren't trying to make it rich," he recalls. "We were trying to make a living...

Author: /time Magazine | Title: In South Dakota: Buffalo Burgers at Wall Drug | 8/31/1981 | See Source »

...embarrassing then, to read in the Phoenix an esegesis on who or who isn't a capitalist when it comes to this movie. Or to read about what economic values any given character represents. They look just like us. you see (only cheesier), but do they think like us? There is a very strange, and very dumb defensiveness going on here. At the ideological heart of the whole Us vs. Them, communist vs. capitalists (both nice 19th century words) or Art vs. Propaganda, lies the same quandary--namely, who are you out for--yourself or the guy sitting next...

Author: By Thomas Hines, | Title: Filmpolitik | 8/11/1981 | See Source »

...sending food aid, says the CARE spokesman, "their reaction was remarkably favorable." The final agreement, signed in Warsaw in June, allows CARE to supervise distribution of the packages. They will be sent to the neediest groups: the elderly, young children, pregnant women and nursing mothers. The spectacle of capitalist charity aiding the victims of Communist economic shortcomings was heavy with political symbolism. Said Aloysius Mazewski, president of the Polish-American Congress, which launched the CARE project: "The fact that they can't feed their own people is humiliating. It simply underscores the inefficiency of their system." As food lines...

Author: /time Magazine | Title: Poland: Have a Soothing Cup of Tea | 8/10/1981 | See Source »

When Mao launched his devastating Cultural Revolution in 1966, Hu was one of its first victims. With Deng, he was branded a "capitalist reader." Both men were stripped of power for nearly a decade. Hu was sent to a re-education camp, where he was obliged not only to tend cattle but to eat and sleep with the sheep and horses...

Author: /time Magazine | Title: China: Less Theory, More Production | 7/13/1981 | See Source »

...past 13 years, for example, the growth of the gross national product has averaged 4.2%, compared with West Germany's 3.5% and the U.S.'s 2.7%. In the industrialized world, only Japan has a higher rate of investment and savings. Yet the very success of France's state-led capitalist economy has heightened the appeal of state-led socialism. Explains a Paris-based banking analyst: "The Socialist economic program represents one of those periodic redistributions that occur in economies that have been remarkably successful and prosperous. The French people have voiced their approval for a leftist majority precisely because they...

Author: /time Magazine | Title: France's New Look | 6/29/1981 | See Source »

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