CAPITALISM, often misinterpreted, often misunderstood, took on new dimensions in San Francisco last week. Recognizing the competitive challenge to free enterprise in a world clamoring for swift material progress, 551 bankers, government officials and business leaders from 62 nations gathered for the first such meeting to assess the vast needs and soaring hopes of the free world. The occasion: a week-long International Industrial Development Conference sponsored by TIME-LIFE International and Stanford Research Institute. The conference theme: Investment−Key to Industrial Development.
From all points of the compass and most segments of the political and economic spectrum gathered an international...
