Yugoslavia: Capitalistic Comrade

When Yugoslavia decided to embark on its own road to socialism, it also decided to chuck doctrinaire economic rules and let its economy operate more or less according to the principles of free enterprise. Yugoslav businessmen, though still subject to more controls than in the West, are therefore unique in the Communist world in their respect for the profit motive, the laws of supply and demand and the necessity of competition. One of the most remarkable of the capitalistic comrades who are putting the dynamics of the free market to work under...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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