ARGENTINA: Difference of Opinion

ARGENTINA Difference of Opinion

At a big meeting of Argentine businessmen one day last week President Juan Domingo Perón once again aired his totalitarian ideas on political economy. Capitalism, he cried, was dying. For the modern state there were only two alternatives : "You must accept a system of state intervention and controls [Perón's way], or lose everything by way of Communism."

Next day the Strong Man heard his theories disputed, politely but pointedly. Said U.S. Ambassador George Messersmith to a Thanksgiving Day audience: capitalism has given U.S. citizens "conditions more favorable than...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!