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Much also deserves to be said about the undemocratic dynamics intrinsic to capitalism. The claim that free markets march hand-in-hand with democracy obscures their basic incompatibility: Capitalism denies participatory politics, insofar as central institutions in society (corporations, workplaces, etc.) are autocratically organized. It should therefore be unsurprising that, from savage coups in Indonesia in 1965 to Chile in 1973, free-market policies have typically been imposed in brutal defiance of the popular will...

Author: By Adaner Usmani | Title: An Anti-Capitalist Primer | 11/29/2007 | See Source »

...traces of what the building used to be: a hockey rink, which could hardly be a more fitting metaphor for a political contest that is suddenly getting a lot rougher. The old Dr Pepper scoreboard is still on the wall, but the largely twentysomething crew at Obama Central has another way of measuring the team's progress. Staffers ring a silver bellhop bell whenever an organizer signs up a new precinct captain who has agreed to stand up and argue the candidate's case before friends and neighbors at one of the 1,784 caucuses that will be held across...

Author: /time Magazine | Title: Barack Obama: The Contender | 11/29/2007 | See Source »

...epic campaign to create "socially oriented" industrial cooperative factories, will be put to a national referendum this Sunday, when Venezuelans vote on a raft of constitutional reforms that Chavez says will create a model of "21st-century socialism." From his offices inside a tower in the capital's Parque Central complex, once one of the country's capitalist nerve centers, El Troudi boasts, "Our revolutionary process is at a point of no return...

Author: /time Magazine | Title: Challenging Chavez in the Streets | 11/29/2007 | See Source »

...Venezuela's street protesters have anything to do with it. This week thousands of students braved police tear gas to demonstrate against the socialist proposals. "This is a country divided in two" over Chávez, says Stalin González, a student at the Central University of Venezuela in Caracas. "We're against the reforms because they don't [promote] reconciliation" between the country's left and right. Responding to Chávez's claims that the students are simply tools of the "oligarchy," Ricardo Sánchez, 24, another Central student, insists the movement also includes "the working...

Author: /time Magazine | Title: Challenging Chavez in the Streets | 11/29/2007 | See Source »

...allies want to put the brakes on the President's radical train. Many reform proposals, they argue, are less about empowering the people than about concentrating power in the hands of Chávez. Among the initiatives: eliminating presidential term limits; putting the now autonomous Central Bank under the President's control; and the creation of regional vice presidents. Provincial leaders like Ramón Martínez, Governor of eastern Sucre state and himself a socialist, consider the latter idea a lavish centralization of federal authority, as well as a betrayal of Chávez's Bolivarian Revolution (named for South America...

Author: /time Magazine | Title: Challenging Chavez in the Streets | 11/29/2007 | See Source »

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