The failure of Marxist-Leninist socialism, which has become clearly apparent during the past year, has done undeniable harm to the worldwide appeal of "socialism". Even concepts of socialism which had always expressly set themselves apart from "real-world socialism" in the Stalinist mould are...

Western public opinion frequently voices uncritical applause for the economic reforms in the People's Republic of China. The expectation of large sales opportunities in the Chinese market has led to a kind of China-euphoria in certain business circles. This frequently overlooks the fact that...