Word: capitalists
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...mines are theoretically "theirs." Even the fundamental doctrine that Socialism is more efficient than capitalism and hence productive of higher living standards was abandoned. "If increased production is to be the criterion," asked Twentieth Century Socialism, "can we really prove that Socialist policies will be more effective than the capitalist policies which set the pace in the U.S. today?" The Gaitskellites were prepared to accept the theory of a mixed economy with public and private ownership...
...told an Italian newsman last April that U.S. athletes are the "best in the world" and will win this summer's Olympics in Melbourne, he has not again run or prophesied on the sunnier side of the Iron Curtain. Last week the Czech Ministry of Sports announced that capitalist-praising Zatopek will not compete again until he recovers from a sprained ankle (a fortnight ago, Iron-Man Zatopek ran a poor fifth in a 5,000-meter race in Prague). The mystery, however, was not solved by one bad showing of the Communists' greatest Olympics record-smasher...
...verge of closing, and a fifth announced that it would drop four of its five editions. Total circulation affected: 165,000. The reason was given as the "crushing charges that have been levied against the democratic press." Translation: rising expenses have put the Communist papers into an old-fashioned capitalist cost squeeze, aggravated by reader disillusionment over destalinization. Since 1950, France's 15 Communist dailies (circ. 1,250,000) have shrunk to nine (circ...
Tata & Kariba. Both India's Damodar Valley and Mexico's Tecuala owe their new prosperity to that most capitalistic of all capitalist archetypes: the banker. He is Eugene Black, president of the International Bank for Reconstruction and Development-generally known as the World Bank. It was the World Bank that lent Mexico $24 million to help bring power to Tecuala and other forgotten towns. To India it lent $38 million for its Damodar project, and from both nations President Black expects to get every nickel back-with interest...
...conversation through interpreters was dragging badly when Tito, rotundly resplendent in his dress uniform, asked Black if he might try one of the banker's fancy Corona Corona cigars. After the Yugoslav dictator started to puff away, Black looked at him and drawled: "Now you look like a capitalist." Tito roared, and everyone relaxed...