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Certainly, the large divergence of income within capitalist societies can be a cause of serious social tensions. In the society described by Plato in The Laws, no person would be permitted to be more than four times richer than the poorest. In the U.S. the upper 20% of the population earn 46% of the income, a figure that has changed very little in the past generation. In France that same group earns 44% and in Britain 40%. But those who complain that the chairman of General Motors earns nearly $ 1 million a year never criticize the Who for pocketing that...

Author: /time Magazine | Title: Business: Capitalism: Is It Working...? Of Course, but... | 4/21/1980 | See Source »

...system." Banks will undoubtedly have to "roll over" or refinance some debts, just as many strapped households consolidate their old loans. David Rockefeller and Bank of America President A.W. Clausen also stress that the IMF will have to carry a heavier share of Third World borrowing, especially from the poorest countries like Zaïre. With some carefully formulated borrowing from the rich in order to lend to the poor, the world's financial system should withstand this severe test...

Author: /time Magazine | Title: Business: World Bankers Juggle the Huge Oil Debts | 3/3/1980 | See Source »

Somalia is one of the world's poorest nations. Western diplomats consider the Mogadishu government's relief campaign to be well intentioned, but it is hampered somewhat by bureaucratic bungling and low-level corruption. Moreover, international aid for the refugees has been slow in coming. The result is a severe shortage of food and medicine. At Agabar, a sprawling relief camp housing 44,000 people, a huge field was cleared on which camp farmers could grow vegetables and other crops. The project has come to a standstill for lack of a few feet of pipe to carry water...

Author: /time Magazine | Title: SOMALIA: War in a Barren Wasteland | 2/25/1980 | See Source »

Stroessner's regime has its reasons for singling out Filartiga as a politically dangerous figure. As the sole physician to almost 40,000 peasants in the poorest country of the continent, Filartiga had attained the unofficial status of folk hero and rural leader. If anyone can mobilize revolt, he is in the most strategic position to do so. Though Filartiga does not aspire to organize politically subversive activity, his art publicizes the repercussions of Stroessner's reign on an international scale which seriously threatens the dictatorship's security...

Author: By Susan C. Faludi, | Title: The Art of Healing Paraguay | 2/1/1980 | See Source »

...topical events, hasn't done a single column about Iran. Even presidential candidates have been biting their tongues about Iran, except for Connally's early macho outburst and Teddy Kennedy's intemperate denunciation of the Shah. In this distorted situation, nightly television news has done the poorest job of balancing its coverage...

Author: /time Magazine | Title: NEWSWATCH by Thomas Griffith: The Self-Restraint Brownout | 12/17/1979 | See Source »

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