then Capitalism versus Communism rivalry after World War ll. With the breakdown of Communism, it looks as though we are being left with capitalism as the only alternative. And yet, it is not difficult for us to see and feel hardships and sufferings, both human and environ- mental, all around us in the midst of so-called economic growth and prosperity. Again, we are all at the crossroad of how to make heads or tails out of the new situation. Do we as human beings have any choices left at all, or do we have to put up with whatever is to be offered under the remaining Capitalism, dubiously dubbed the "Free World" in its struggle against Communism? My thesis is that one has to make extremely careful distinction between democracy and Capitalism. The former is concerned with political institution, while the latter with economic organization and management. Politics and economics are of course inter-related, and one cannot do without the other. Only that one needs to be clear as to how they are inter-related. What Capitalism is actually opposed to is socialism, while democracy to dictatorship. We have already been witnessing Capital- ism thriving on a good number of dictatorships. There is no need to name the countries in question here. Obvi ously, as journalists, you are much better informed of what has been going on. "People's power" has been pro- voked everywhere just because of that. Mind you, on principle, Capitalism is not necessarily opposed to de
then Capitalism versus Communism rivalry after World War ll. With the breakdown of Communism, it looks as though we are being left with capitalism as the only alternative. And yet, it is not difficult for us to see and feel hardships and sufferings, both human and environ- mental, all around us in the midst of so-called economic growth and prosperity. Again, we are all at the crossroad of how to make heads or tails out of the new situation. Do we as human beings have any choices left at all, or do we have to put up with whatever is to be offered under the remaining Capitalism, dubiously dubbed the "Free World" in its struggle against Communism? My thesis is that one has to make extremely careful distinction between democracy and Capitalism. The former is concerned with political institution, while the latter with economic organization and management. Politics and economics are of course inter-related, and one cannot do without the other. Only that one needs to be clear as to how they are inter-related. What Capitalism is actually opposed to is socialism, while democracy to dictatorship. We have already been witnessing Capital- ism thriving on a good number of dictatorships. There is no need to name the countries in question here. Obvi ously, as journalists, you are much better informed of what has been going on. "People's power" has been pro- voked everywhere just because of that. Mind you, on principle, Capitalism is not necessarily opposed to de
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