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Everything depends on how the East German economy responds to a free-market jump start. Pohl points out that "no one can subsidize uneconomic jobs in the G.D.R. forever." Elmar Pieroth, a prominent West Berlin politician and businessman who advises the G.D.R government, insists, "The spirit of entrepreneurship is reappearing, and people are eager to take advantage of the possibilities." That was the kind of spirit that created the Wirtschaftswunder...

Author: /time Magazine | Title: Germany: The Big Merger | 7/9/1990 | See Source »

Another surprise addition to the Presidential Council, Yarin, 50, is co- chairman of the United Workers' Front, formed last year in 29 cities to oppose free-market reforms and defend fellow Russians against attacks by ethnic movements in far-flung Soviet republics. A construction worker with a high school education, he is a member of the Supreme Soviet and is on record as blaming the bureaucracy for the misery of workers' lives, food shortages, infant mortality and pollution. Conservatives have been attracted by his strong personality and persuasive public speaking. The Front claims that Gorbachev is dividing the society into...

Author: /time Magazine | Title: Soviet Union Key Players in a New Game | 7/2/1990 | See Source »

...federal government has encouraged this free-market approach to medicine, Relman said. In 1975, the Supreme Court declared antitrust laws applicable to the medical profession, encouraging competition among physicians, he said...

Author: By Andrew D. Cohen, | Title: Medical Journal Editor Criticizes Health Care | 6/6/1990 | See Source »

...problems and reminders of old ones, Gorbachev was still trying to convey the impression that he was driving events rather than reacting to them. In one of his boldest political gambles yet, he linked the implementation of economic reform -- higher prices, lower state subsidies and the introduction of some free-market mechanisms -- to a nationwide referendum. So much, he seemed to be saying, for the twin charges that he is unwilling to submit to genuine democracy and afraid of tough decisions. The immediate response of his fellow citizens was not encouraging. In Moscow and other cities, panicky shoppers stripped stores...

Author: /time Magazine | Title: The Summit: The Eye of the Storm | 6/4/1990 | See Source »

...Hong Kong from 1983 until last February, Xu was Beijing's de facto ambassador to the British colony, which is to revert to Chinese rule in 1997. Though the 74-year-old Xu's Old Guard credentials are impeccable -- he was among China's early revolutionaries -- he advocated free-market reforms and was a close ally of Zhao Ziyang's. Last year, when the demonstrations in Beijing sparked sympathy protests in Hong Kong, Xu shook hands with some of the hunger strikers who gathered outside his office building...

Author: /time Magazine | Title: Three Lives, Then and Now | 6/4/1990 | See Source »

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