VIETNAM: Make Money, Not War

They dress like soldiers and talk like soldiers, but many soft-palmed South Viet Nam army colonels holding high posts in the Defense Ministry act more like business executives—which indeed they are. By tapping the monthly paychecks of their troopers, the colonels have built a string of army-owned business ventures. They have also provoked « enough protest, both, from soldiers and | from competing private entrepreneurs, -that the South Viet Nam government last month began a high-level investigation. Last week, under pressure from the U.S. embassy, the government dismissed five Defense Ministry...

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