The Literature Network - Where Adam Smith meets Karl Marx: some capitalists are investing in Hungary's communist reformers.

Where Adam Smith meets Karl Marx: some capitalists are investing in Hungary's communist reformers.

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From: U.S. News & World Report
Date: 19890918
Author:Gabor, Andrea

Some capitalists are investing in Hungary's Communist reformers

Later this year, well-to-do shoppers on Budapest's Vaci Street will be able to buy designer lipstick at a new Estee Lauder boutique, a joint venture between a local company and the New York cosmetics empire, whose founders have Hungarian roots. Just a few yards away, the Soviet bloc's first McDonald's gets so crowded that lunchtime customers are forced to wait in line outside.

While Poland's first non-Communist government in 41 years struggles to attract Western investors and im-

prove its credit rating, ...

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