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...presidency of Chile. The ads are part of what he derides as the campaign of terror against him by Chilean rightists. Yet Allende, a Chilean Senator who leads the radical Socialist Party, which is left of Chile's Communists, proudly boasts of his Marxist goals. "The capitalist regime has failed," he says. If elected, Allende promises a government-led revolution that would totally remold the country's social and economic order. He makes no secret of his admiration for Castro...

Author: /time Magazine | Title: Chile: Crucial Decision | 9/7/1970 | See Source »

Israel still depends on the syndicate for 42% of its diamonds, but it has developed other sources as well. Western but not capitalist, white but not colonial, skilled but not rich, the Israelis were able to find friends-and diamonds -in the Congo (Brazzaville), Ghana, Sierra Leone, Liberia and the Ivory Coast. Israel even gets stones from Arabs; Syrian and Lebanese diamond buyers in Africa secretly sell to Tel Aviv...

Author: /time Magazine | Title: Israel: The Kindest Cut of All | 8/17/1970 | See Source »

Eros and Violence. During the first of these interruptions, West wrote a capitalist Candide called A Cool Million (1934). Political in intent, the book puts a cute left spin on the old Horatio Alger story and burlesques the American Dream as a horribly funny fascist nightmare. West was never a Communist but in 1935 his radical sympathies were strengthened by the experience of being down and out on the seamy side of Hollywood. Supported by S.J. Perelman, who had married his sister, West lived in the Pa-Va-Sed, a scabby little apartment hotel in the lower depths of movieland...

Author: /time Magazine | Title: Books: A Great Despiser | 8/17/1970 | See Source »

...awareness to be a put-up job and espouses the overthrow of the capitalist system...

Author: /time Magazine | Title: Business: The Executive As Social Activist | 7/20/1970 | See Source »

Faced with these doubts and problems, the most thoughtful businessmen make the strong case that social programs should be considered not as an expense or inconvenience but as an investment in survival?for the nation, for the capitalist system, and thus for the company. Gaylord Freeman, chairman of the First National Bank of Chicago, warns that, "There is nothing in either the Ten Commandments or the Constitution that guarantees private property. If at any time the majority of our citizens conclude that they would be better off under some other economic system, then our system will be changed." Adds Henry...

Author: /time Magazine | Title: Business: The Executive As Social Activist | 7/20/1970 | See Source »

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