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...after Paul died in 1978 and his successor John Paul I succumbed to a heart attack only 34 days into his papacy, Wojtyla was so oblivious to his impending fate that he spent the first day of the new papal conclave nonchalantly browsing through a quarterly review of Marxist theory. When the two leading Italian candidates, a Vatican power broker and an ultraconservative, deadlocked, the Cardinals began looking over the Alps for the first time since 1522. Elected on the eighth ballot, Wojtyla modestly chose to be called John Paul...

Author: /time Magazine | Title: Defender of the Faith | 4/3/2005 | See Source »

That inclination expressed itself early, in his suppression of liberation theology, a Marxist-tinged philosophy that attained popularity in the '70s among the Latin American poor. Critics wondered why the Pope would fan the flames of a people's struggle in Eastern Europe while dousing a similar movement elsewhere. The simple answer was that liberation theology smacked too much of communism. But as time went on, it became clear John Paul was equally offended by a broad spectrum of doctrinal creativity and criticism. He dismantled the Jesuit leadership, presumably because of its perceived leftist sympathies. (In its place of papal...

Author: /time Magazine | Title: Defender of the Faith | 4/3/2005 | See Source »

...country ruled by aging Marxist revolutionaries, and where promised economic and political reforms have been painfully slow in coming, that could be a big if. International donors often complain of wasted aid and corruption. Foreign investors continue to spurn Laos in favor of countries with better track records of transparency and accountability. (It was only five years ago that Laos, under pressure from the International Monetary Fund, agreed to publish its budget.) Huge trade and budget deficits are masked by a steady stream of foreign aid that, even donors admit, has had little impact on those who need it most...

Author: /time Magazine | Title: Options Under Water | 3/28/2005 | See Source »

...Jing Huang, politics wasn't just dinner-table-discussion fodder. It was a family tradition. As the grandson of one of the founders of China's communist movement and the son of a leading leftist writer, Huang imbibed the virtues of Marxist thought early. But because of his family's privileged status in Beijing circles during the 1960s and '70s, he also read the uncensored news reports sent to his father before they were fed into the propaganda machine. During heated mealtime debates, Huang was soon taking the knowledge gleaned from those papers?and from hours spent listening...

Author: /time Magazine | Title: Sowing Capitalist Seeds | 3/21/2005 | See Source »

...master's degree from Stanford and a Harvard M.B.A. didn't help return Huang to the Marxist fold. Nor did an exercise in entrepreneurship when he co-founded General Wireless (now known as MTone), one of the first mainland-owned companies to receive venture-capital funding in the mid-'90s. Now Huang is sowing the seeds of capitalism as China managing director of Softbank Asia Infrastructure Fund, a $400 million venture fund. "There's a tendency for foreigners to look at [Chinese] companies run by English-speaking CEOs because they feel they can trust them and talk directly to them...

Author: /time Magazine | Title: Sowing Capitalist Seeds | 3/21/2005 | See Source »

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