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Sun, May 18, 2003 - Page 12 News List

Neither socialism nor capitalism

Two years ago, many workers in Argentina faced unemployment and misery. But instead of giving up, they have taken over their bankrupt companies, giving both the firms and the workers a new lease on life

AFP , BUENOS AIRES

Elsewhere he has waged legal battle to legalize the employees' takeover of bankrupt factories and even at times preventing police from evicting the workers.

"It's neither socialism nor capitalism, but a bit of both," said Caro, impeccably dressed in a navy blue suit -- a gift from grateful Fuerza y Union workers.

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