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...Truthfully, there would have been no Marx, and no Marxism, without Engels, and not just because the two of them formed an astonishingly productive intellectual team. First as a capitalist himself - after leaving England to dabble in journalism and revolution back in Germany, Engels returned to work in Manchester for 20 years - and then as a rentier, his money sustained Marx's family for decades. His devotion was such that Engels even assumed paternity of an illegitimate child of Marx...

Author: /time Magazine | Title: Friedrich Engels: Capitalism's Communist | 9/21/2009 | See Source »

...book whose subject would provide the factual underpinning to the analysis of capitalism that Engels and his friend Karl Marx later produced. Hunt, a British historian, details the way Marxism would not have been possible without Engels, an unlikely revolutionary who worked for years as a high-living, foxhunting capitalist to support Marx's endeavors--Engels' devotion was such that he even assumed the paternity of an illegitimate child of Marx's. Hunt shows how factionalism was endemic among 19th century radical groups, nurturing poisonous seeds whose harvest became clear only when communism turned from theory into murderous practice...

Author: /time Magazine | Title: The Skimmer | 9/21/2009 | See Source »

...against tires made there. (U.S. companies, by the way, produce two-thirds of those tires. We all had a good chuckle about that in the Politburo. Here I am, the head of the Communist Party in the People's Republic of China, and I'm apparently more of a capitalist than...

Author: /time Magazine | Title: What China's Hu Would Really Like to Tell Obama | 9/21/2009 | See Source »

...departments, AM radio stations and documentary film fests. Wilson's campaign kitty is just one example, and a fairly modest one at that. (His opponent, Democrat Rob Miller, also raked in $1 million in new donations thanks to the outburst.) Michael Moore makes far more than that with his capitalist-bashing movies. The new Senator from Minnesota, Al Franken, cashed in handsomely with his conservative-taunting books. Or check out Beck Inc. to see how loudmouthing can earn you a river of cash...

Author: /time Magazine | Title: Mad Man: Is Glenn Beck Bad for America? | 9/17/2009 | See Source »

...pointedly refused to bail the company out, and no other Wall Street outfit was willing to step into the breach. 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, then came an unprecedented, and unprecedentedly expensive, effort by governments on both sides of the Atlantic to patch things...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

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