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...Beijing in 1972 set up another false impression -- that China under Mao and Deng Xiaoping was a nation on the road to capitalism and possibly even democracy. It is, of course, no such thing. China remains a police state controlled by a Communist Party dictatorship and dedicated to socialist central planning with a few market mechanisms...

Author: /time Magazine | Title: Diplomacy: Getting China Wrong | 6/10/1991 | See Source »

Although nobody has a kind word for socialism these days, virtually everyone is actually a socialist in principle when it comes to health care. If I were to say that every citizen is entitled to housing, supplied by the government if necessary, you'd peg me as some kind of liberal. If I were to say that every citizen is entitled to equally good housing, you'd peg me as some kind of nut. Yet that is more or less what everybody thinks -- quite rightly -- about health care. Is there a politician around who would dare to say publicly that...

Author: /time Magazine | Title: Essay: For Better Care Try Snob Appeal | 6/3/1991 | See Source »

America's health-care system needs to become both more socialist and more capitalist. The goal is socialist: equal, universal coverage. But the techniques of capitalism can make it possible. The private-sector health-care industry will not necessarily like these techniques. Doctors, hospitals, pharmaceutical companies and medical-equipment manufacturers have all thrived under the present worst-of-both-worlds system...

Author: /time Magazine | Title: Essay: For Better Care Try Snob Appeal | 6/3/1991 | See Source »

...French have always likened their republic to an imaginary woman, Marianne, but have never allowed a real one to govern it. Last week, in a bold attempt to revive France's sluggish economy and give new zest to his flagging Socialist regime, President Francois Mitterrand named longtime political associate Edith Cresson, 57, an aggressive booster of French industry, as the nation's first woman Prime Minister...

Author: /time Magazine | Title: France: Mitterrand's Iron Lady | 5/27/1991 | See Source »

...originally constructed as a military enterprise. After taking power in 1917, Vladimir Lenin and Leon Trotsky quickly forged the Red Army to fight the White Russians. Lenin's successor, Joseph Stalin, saw his first priority as building up powerful defenses to protect against "capitalist encirclement" and to preserve the "Socialist Motherland." Beginning with the first Five-Year Plan in 1928, industries were divided into A (military) and B (civilian) groups, with the A organizations having first call on all resources...

Author: /time Magazine | Title: Soviet Union: Moscow's Hungry Monster | 5/13/1991 | See Source »

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