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...made her way to Hollywood, where she had modest success as a screenwriter and married an aspiring actor, Frank O'Connor. Her politicization came when she and her husband worked on Republican Wendell Willkie's losing presidential campaign in 1940. According to Burns, "Before Willkie she had been pro-capitalist yet pessimistic, writing 'The capitalist world is low, unprincipled, and corrupt.' Now she celebrated capitalism as the 'noblest, cleanest and most idealistic system...

Author: /time Magazine | Title: Ayn Rand: Extremist or Visionary? | 10/12/2009 | See Source »

...Because the CCP now gains its legitimacy almost solely from the material wealth it has created and is communist only in name, it has to recast the past to justify the present. Thus, in Founding, class struggle is hardly depicted or mentioned. Mao not only needs a capitalist to provide him with a cigarette; he and his cohorts admit they are ignorant about economics, which they acknowledge is essential to running the country. The message: Mao was great at consolidating the nation under the communist banner, but he was clueless about development; it's today's CCP that made...

Author: /time Magazine | Title: Reshooting History in a New China Film | 10/8/2009 | See Source »

...real estate investments and unable to persuade its jittery creditors to keep lending it money--filed for bankruptcy protection. It was the largest bankruptcy ever in the U.S., but the really big news was what happened afterward. First came a financial panic that threatened to shatter the global capitalist order, followed by an unprecedented--and unprecedentedly expensive--effort by governments on both sides of the Atlantic to patch things...

Author: /time Magazine | Title: The Bailout's Biggest Flaw | 9/28/2009 | See Source »

...aren't you really a model capitalist? You raise money. You hire people. You create a product and sell it to the public, bearing the risk and gaining the rewards that goes along with it. Capitalism would have never let me be a filmmaker, living in Flint, Michigan with a high school education. I was going to have to make that happen myself. My last movie, I gave it away for free on the Internet: Slacker Uprising. If I were a capitalist I would not give my employees health insurance with no deductible, which I do, including dental, and paid...

Author: /time Magazine | Title: Q&A: Why Michael Moore Hates Capitalism | 9/26/2009 | See Source »

...about empathy in animals and in ourselves, why do you think the idea persists that at bottom we're competitive backstabbers? It was established at the beginning of the Industrial Revolution, when probably it was useful to have a picture of humans as competitive and to base the capitalist system on that image. And in doing so, a lot of political ideologues and economists started to forget that we are also a highly social species. The founder of economics, Adam Smith - to his credit - did realize that if you build a system completely on competitive principles it would not work...

Author: /time Magazine | Title: Are Humans Actually Selfish? | 9/25/2009 | See Source »

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