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Today's capitalist economies undoubtedly benefit from powerful corporations. The sheer size of modern economies and the vast number of skills that must be marshaled to design and produce such products as color-TV sets and computers?to say nothing of space rockets???make any yearning for Adam Smith's world of individual entrepreneurs an exercise in pointless nostalgia...

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

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