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...strength from spiritual dissatisfaction. Neither the Republican Party nor the Democratic have shown themselves capable of recognizing the basic problems to say nothing of handling them. The socialist party in this country appears to lose its intellectual vigor as it gains in popular support. The party attempts to reform capitalist society from the inside and the consequent moderation, although it appeals to the progressive, destroys its effectiveness for radical, creative political leadership. Communism, alone of the two radical parties, attacks capitalist society from the outside as it logically has to if it would keep its integrity...

Author: NO WRITER ATTRIBUTED | Title: Presidentiad Through the Years | 11/4/1980 | See Source »

Early one morning in March 1978, residents of Saigon were jolted awake by something eerily reminiscent of the city's "liberation" three years before: the growl of tanks on the broad boulevards. This time, the goal of Hanoi's forces was to stamp out capitalist trade in the Cholon business district. Squads of Communist Youth League zealots searched every shop and warehouse. Merchandise was seized; stores were padlocked. Employers of more than five people were denounced as exploiters of the working class. Family-run produce markets were allowed to stay in business-but only if they held their...

Author: /time Magazine | Title: Business: Defiant Saigon | 11/3/1980 | See Source »

...attract needed dollars, the government is resorting to vintage capitalist incentives. Saigonese with dollar accounts abroad who repatriate their wealth are rewarded with access to duty-free stores that sell imported goods. Citizens who receive dollars from relatives overseas can exchange them for Vietnamese dong at a premium rate. Businesses that make products for international trade are allowed to receive or spend dollars and gold freely. Explains one government adviser: "We don't care where the dollars come from as long as they are used to import raw materials and create new jobs." Saigon is also welcoming investment from...

Author: /time Magazine | Title: Business: Defiant Saigon | 11/3/1980 | See Source »

...absurdity of intervention in Vietnam. But the genesis of his concern for social justice was the South Boston slums he visited while a Harvard undergraduate in the early years of the century. Both indignation and guilt over his privileged Manhattan upbringing incited his imagination to challenge the prevailing capitalist orthodoxy at Harvard, embracing socialism as the only guarantor of liberty and justice to all Americans...

Author: By Siddhartha Mazumdar, | Title: Lives of the American Century | 10/28/1980 | See Source »

...result of the growing rift between the PRC and the Soviet Union, the Chinese have begun to view the U.S. more favorably. "People don't see the U.S. as capitalist pigs anymore," Bing says. "Aside from what they did in supporting Chiang (Kai-shek), the former leader of Taiwan) and Vietnam, the U.S. is seen as the counterbalance of the Soviet Union." He adds that "There's no hard feeling involved" between the U.S. and China, saying many Chinese see America as "a friend who can help in the improvement of our technology...

Author: By Paul A. Engelmayer, | Title: A Great Leap Westward | 10/22/1980 | See Source »

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