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...military dictatorship backed by a concentrated economic elite--a dictatorship that today commits genocide with impunity. Examining the GNP as an index of national welfare instead of examining the distribution of welfare, the employment of economic policies while ignoring their political consequences, and the insistence on developing through a capitalist elite instead of through socialist mass participation;--all were tragic mistakes made by development planners in Pakistan...

Author: By Daniel Swanson, | Title: A Detour In the Elitist Route to Development | 10/15/1971 | See Source »

...eagerness to graft capitalist enterprise onto the Vietnamese economic organism, Smithies ignores possible rejection reactions caused by the incompatibility of American-style free enterprise with Vietnamese cultural beliefs. As Alexander B. Woodside, assistant professor of History, observed, "All Vietnamese intellectuals, Communist or not, think in terms of the collective management of the economy." Yet Smithies' concern with the "market system" is overriding. Discussing the distribution of a agricultural inputs and sale of outputs, he notes, "The record of government performance so far is not impressive." Some might attribute this failure to government corruption and inefficiency. Smithies sees...

Author: By Arthur H. Lubow, | Title: Smithies IDA Report Discusses Vietnam | 10/8/1971 | See Source »

...other countries to tie their currency values to this rate. Britain's Nicholas Kaldor suggests a new international money convertible not into dollars or gold but into a series of commodities, including wheat, butter, sugar and rubber. Even the Italian Communist Party, taking an unexpectedly sympathetic interest in capitalist economics, is calling for a vaguely defined new kind of world money...

Author: /time Magazine | Title: The Economy: Changing the World's Money | 10/4/1971 | See Source »

...many steel-workers. In addition, the often tenuous economic position of the white majority is thought to be threatened by black advances. It is easier to direct alienation against what seems to be a visible threat than to confront the more fundamental but also more remote and impersonal capitalist power structure...

Author: By Dan Swanson, | Title: Down Under and Forgotten | 9/29/1971 | See Source »

...outsiders. There is a very small petite bourgeoisie, perhaps 10 per cent of the people. I do not include in this group journalists, teachers, not even engineers, many of whom are unemployed. They have no material interests to safeguard. In other words, since there is but a small indigenous capitalist class, I would say there is very little to fear from the Quebec bourgeoisie. The whole economic set up results in tremendous under-development in Quebec, because all the financial institutions are owned by outsiders for their own benefit...

Author: By Claire Culhane and Jeff Marvin, S | Title: "We Are Part Of Revolution Everywhere" An Interview with Pierre Vallieres | 9/28/1971 | See Source »

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