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...five years since Western Europe's Common Market was formed, the Soviet press and radio have hardly mentioned it at home; few Russians even know the name. In its propaganda abroad, the Kremlin simply sneered at Europe's economic integration scheme as a plot by "monopoly capitalists" to perpetuate the enslavement of the working class and by "neocolonialists" to exploit the newly independent nations. But last week Moscow more openly recognized the Common Market for what it is: a grave threat to Communism. With Nikita Khrushchev smiling benevolently near by, Propagandist Leonid Ilyichev proclaimed from a Moscow platform...

Author: /time Magazine | Title: World: Moscow & the Market | 5/4/1962 | See Source »

...Barth, the capitalist West is as materialistic as the Communist East-and represents a serious temptation to the church, since it tries to cloak its political ambitions in religious and moral terms...

Author: /time Magazine | Title: Religion: Witness to an Ancient Truth | 4/20/1962 | See Source »

Chaos to Stability. Aloof and austere in his business contacts, Erpf has a profound sense of mission about his role as a latter-day capitalist. The function of investment banking, as he sees it, is to help guide new or individually managed companies into what he regards as the highest stage of capitalism-"the large institution run by professional managers with the public conscience glaring at them." Only large corporations, Erpf believes, fully realize "the whole idea of capitalism, which is to bring solidity and stability into the market in place of chaos. I call that civilization...

Author: /time Magazine | Title: Wall Street: The Renaissance Banker | 4/13/1962 | See Source »

...Warsaw military journal: Poland not only has organized nearly 500,000 workers into paramilitary cadres for the protection of "life and property in the event of atomic war," but it has been busily building bomb shelters. Cesarski echoed the Communist line that shelter construction in the U.S. was a capitalist plot engineered by money-hungry bankers...

Author: /time Magazine | Title: Communists: They Have Shelters, Too | 3/30/1962 | See Source »

These workers would switch mostly to Government service such as space exploration, retail and wholesale trade, professional pursuits such as teaching and medicine. Biggest surprise in the report: Communist economists agreed with their non-Marxist colleagues that capitalist countries could make the switch to peacetime production without serious disruption. In the past, Communist theoreticians and propagandists have insisted vehemently that capitalist countries are sabotaging disarmament because their economies could not stand...

Author: /time Magazine | Title: Disarmament: No Fear of Peace | 3/16/1962 | See Source »

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