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...gross national product that seems likely to top a trillion dollars by the early 1970s, is an array of new machines, teaching methods, foods and other tools that will help man cope with such compelling problems. The next 50 years promise to provide even further evidence that the capitalist system is the most productive in human history...

Author: /time Magazine | Title: Essay: AND 50 YEARS OF CAPITALISM | 11/17/1967 | See Source »

Where does Russia go from here? One popular theory is that the Communist and capitalist systems are gradually converging, as the U.S. Government provides more social benefits and the Russians adopt more of the trappings of capitalism. That theory has several serious flaws. Evsei Liberman himself denies it, pointing out that such loosely used terms as profit have an entirely different meaning in the Soviet Union than in the West. Also, economics cannot exist in a political vacuum, and the two systems are light-years apart philosophically. The Soviet Union is a socialist state that still controls all the means...

Author: /time Magazine | Title: Russia: The Second Revolution | 11/10/1967 | See Source »

...Soviet government has adopted a few capitalist devices like incentives simply because the needs of modern technology make them desirable. Pressures from the new class of technocrats are also largely responsible for the loosening up of Soviet society. If people express themselves more openly in the Soviet Union today, it is certainly not because the leadership is committed to eventual democracy, but because a more varied and complicated economy requires the men who run it to be in the habit of asking questions...

Author: /time Magazine | Title: Russia: The Second Revolution | 11/10/1967 | See Source »

While The Little Foxes is still stage-sturdy, its angle of vision is the leftism of the '30s, since it assumes that the root of all evil is economic. A 1939 audience would have understood the play as an attack on predatory capitalist morality. A 1967 audience is more likely to relish it as an indictment of greed, hate, and the Just for power at anytime, in any place...

Author: /time Magazine | Title: Theater: Greedy Lot | 11/3/1967 | See Source »

...communications restrictions that now exist between the two countries. But it has not found the East German regime at all receptive. In fact, Willi Stoph recently replied to an earlier Kiesinger letter with a return missive demanding that Bonn renounce its "addiction" to neo-Nazism and militarism, abolish the capitalist system and spin off West Berlin as an independent "free city...

Author: /time Magazine | Title: Germany: Special Delivery in Berlin | 10/6/1967 | See Source »

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