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...defense of the N.P.A.'s core ideology. No communist state has ever collapsed, he argues, because none has ever existed. East Germany, Hungary, Czechoslovakia-none had "true" communist governments when the Berlin Wall fell in 1989, while the Soviet Union and post-Mao China "were socialist in name but capitalist in practice." The same jungle that has shielded the N.P.A. from military defeat has also isolated its fighters from a modern world where their cherished ideology is deader than disco...

Author: /time Magazine | Title: The War with No End | 1/25/2007 | See Source »

Fortunately, through the miracle of money, our capitalist system can lead people to excel at things they don’t intrinsically enjoy. Organizing transportation so your peers can get to the airport is a service like any other in our economy, and it’s unclear why UC representatives should be expected to provide it on a volunteer basis. The recent rise of for-profit student businesses at Harvard—most notably Facebook, DormAid, and Unofficial Tours—demonstrates the ability of student entrepreneurs to meet service demands on campus. So, instead of asking the Council...

Author: By Joshua A. Barro | Title: Shuttles Should Be An Entrepreneurial Endeavor | 1/19/2007 | See Source »

...fuzzy precepts of a sufficiency economy to undermine the legacy of former Prime Minister Thaksin, a billionaire who avidly pursued free-market policies, signing international trade deals and encouraging farmers to take out small-business loans. "Whether you like it or not, we have to live under a capitalist system," Thaksin told the Wall Street Journal on Jan. 15. "If you make a 180-degree about-turn in one day, confidence is destroyed...

Author: /time Magazine | Title: Land of Fading Smiles | 1/18/2007 | See Source »

Allan Martinson, a venture capitalist, reckons that Estonia's true innovative edge is speed. "We're fast early adopters. We're very good at getting innovation to work," he says. For example, the whole financial system leapfrogged into electronic banking in the mid-1990s, bypassing all messy dealings with checks and other paper transactions...

Author: /time Magazine | Title: The Power of Positive Memory Loss | 1/11/2007 | See Source »

...dissing on conservative talk shows is predictable - the Compact is "anti-American" and "anti-capitalist" - some eco-critics have also been tough to please. Last week, compacters were attacked in their chat room as "hypocritical and smug," for boasting that they repair rather than replace their vacuum cleaners. "If you were really concerned about curtailing runaway consumerism, you'd ditch your broken vacuum cleaners for a broom," wrote one purist. But Kesel counters that she can't get cat hair off her rug with a broom. "People say we don't take it far enough," she muses...

Author: /time Magazine | Title: The Year of Living Thriftily | 1/7/2007 | See Source »

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