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...their parliamentary squabbling, Ecevit and Demirel are divided more by personal animosity than by ideology. Demirel, by profession an engineer, generally favors free-enterprise solutions. Ecevit, a poet and the son of a university professor, leans toward mildly socialist ones. Turkey's real problem, though, is that neither party is strong enough to govern effectively. Still, Ecevit sounded optimistic about his own political future and that of his strategically important country in an interview with TIME Rome Bureau Chief Wilton Wynn...

Author: /time Magazine | Title: TURKEY: Ecevit Gets a Reprieve | 7/2/1979 | See Source »

...willing to sacrifice Spaniards to German and Soviet causes. Contradiction is the order of the day: "How do you explain that?" inquires a woman. "?Dios mio! The people who destroy holy images kiss them." On the left, a father and son have their own civil war and lead separate socialist organizations. Yet throughout, the reader is struck by the dignity and character of ordinary people who endured and prevailed. Theirs is the Blood of Spain, and their total recall is more valuable than any number of academic speculations. The death of Generalissimo Franco has loosened tongues. Doubtless, many new volumes...

Author: /time Magazine | Title: Books: Summer Reading | 7/2/1979 | See Source »

...Lanka is awakening from a long socialist slumber. The severe shortages of such necessities as cloth, soap and matches that bedeviled consumers just two years ago have disappeared. Sarong-clad peasants fire bricks in newly made kilns alongside their coconut groves and paddyfields. The hotels are overbooked with foreign businessmen eager to add to the growing flood of investment from overseas. Since it overwhelmed the leftist regime of Mrs. Srimavo Bandaranaike in the 1977 national elections, the government of President Junius Jayawardene has been chipping away at one of the most complicated and burdensome combinations of restrictive regulation and high...

Author: /time Magazine | Title: Business: Score One for Capitalism | 6/25/1979 | See Source »

...gaining independence from Britain in 1948, the country set up a welfare state that paid tangible dividends. Because of its free medical and educational programs, Sri Lanka today has one of the highest life ex pectancy and adult literacy rates in the developing world. But from the 1950s onward, socialist governments imposed increasingly stiff taxes on business to finance a maze of nationalized enterprises and a complex web of regulations that controlled everything from trade to foreign exchange...

Author: /time Magazine | Title: Business: Score One for Capitalism | 6/25/1979 | See Source »

...then socialist government of the Sri Lanka Freedom Party (in coalition with the Communists and Trotskyists) was so discredited by 1977 that Jayawardene entered the election campaign daring to say nice things about foreign investment. When opponents condemned him as the "high priest of capitalism," Jayawardene blithely replied: "Let the robber barons come." Though his United National Party won that election by a landslide and last month again sent his political opponents down to defeat in local elections, he must still tread cautiously. The lifting of controls and the doubling of economic growth to 6%, together with higher oil prices...

Author: /time Magazine | Title: Business: Score One for Capitalism | 6/25/1979 | See Source »

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