Magazine content is available exclusively for TIME subscribers.Essay: THE WHOLE WORLD IS MONEY-HUNGRY
NATIONS are like people: no matter how much money they have, they never seem to have enough. Today the world has more capital funds for investment than ever be fore. Yet there is disturbing evidence that capital is not being created fast enough to meet the rising volume of legitimate needs. Capital is scarce and costly almost every where, and the global shortage will worsen unless two basic remedial steps are taken. First, ways must be found to develop more funds. Second, the "flow" or distribution of capital has to be sped up and improved.
Capital—the funds left over from...
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