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That legacy was the product of a man whose personality and ideas still surprise both his critics and his friends. Far from being a socialist left-winger, Keynes (pronounced canes) was a high-caste Establishment leader who disdained what he called "the boorish proletariat" and said: "For better or worse, I am a bourgeois economist." Keynes was suspicious of the power of unions, inveighed against the perils of inflation, praised the virtue of profits. "The engine which drives Enterprise," he wrote, "is not Thrift but Profit." He condemned the Marxists as being "illogical and so dull" and saw himself...

Author: /time Magazine | Title: The Economy: We Are All Keynesians Now | 12/31/1965 | See Source »

...when the frontier was gone did city, state and eventually federal relief become a principal weapon against poverty. The force that most fundamentally changed the nature of poverty was the machine. In the short run, the industrial revolution only caused bigger and worse poverty by creating a new pauperized proletariat; in the long run, it lent reality to the Utopian dream of universal abundance by almost infinitely multiplying the once strictly limited productive capacity of human hands and brains. In the U.S. and in most of the contemporary West, the fruits of the industrial revolution brought about a momentous change...

Author: /time Magazine | Title: Essay: THE POOR AMIDST PROSPERITY | 10/1/1965 | See Source »

Socialists & Schlag. Vienna's working classes used to be among the Continent's most militant (both Trotsky and Stalin studied there), but with full employment and extensive welfare benefits. Dr. Gunther Nenning, editor of Austria's intellectual weekly Forum, reports that today the proletariat "is taking on characteristics of the bourgeoisie." It is common to hear such refined expressions as "küss' die Hand," (I kiss your hand), or "hab' die Ehre" (I have the honor) for salutations in butcher shops. The Communist vote has dropped to virtually nothing, while the Socialist Party, which...

Author: /time Magazine | Title: Austria: The Disneyland of Europe | 5/21/1965 | See Source »

...nationalist forces led by the army. It was also true that Sukarno has leaned toward the Communists of late. Last month he surprisingly dissolved the "Body for the Promotion of Sukarnoism," an organization created to counter the P.K.I. Last week Sukarno also made the decision to ban the Murba (Proletariat) Party, an anti-P.K.I. splinter group that expounds "national Communism...

Author: /time Magazine | Title: Indonesia: Cassava, Anyone? | 1/15/1965 | See Source »

...BRIGADIER AND THE GOLF WIDOW, by John Cheever. In these short stories, the author writes again of exurbia: the proletariat of vice presidents, the charming, irresponsible remnants of old families, and the winning eccentrics...

Author: /time Magazine | Title: Time Listings: Dec. 11, 1964 | 12/11/1964 | See Source »

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