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...capitalism has the overwhelmingly powerful defense of simple realism. There is just enough of a "Scotchman" in most people to make them work harder for their own advancement than for the good of their fellows???a fact that regularly embarrasses socialist regimes. The Soviet Union permits collective farmers to cultivate small private plots in their spare time and sell the produce for their own profit. Those plots account for a mere 4% of the land under cultivation in the U.S.S.R.?yet, by value, they produce a fourth of the country's food...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

Splendor, Majesty 8 Fellows??? Not vastly different from its predecessors. iQ32's circus is bigger & better?by the addition of a half-dozen more elephants, one rhinoceros, a few other animals and several acts. This year of Depression the Ringling-owned Robinson and Sparks circuses will not perform. Their properties have to some extent been apportioned among the four other shows: Ringling Brothers & Barnum & Bailey, Sells-Floto, Hagenbeck-Wallace and Al G. Barnes. Throughout the spring and summer these four circuses will play an average of five days a week (twice a day) throughout the U. S., the big show...

Author: /time Magazine | Title: Cover Story: Circus | 4/18/1932 | See Source »

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