Monday, December 20, 2010

Socialism has failed and Cuba is moving towards more free enterprise

After Fidel, Updated Edition: Raul Castro and the Future of Cuba's Revolution

Socialism has failed and Cuba is moving towards more free enterprise. Cuban President Raul Castro has decided to layoff a half a million workers and allow more free enterprise in an effort to boost productivity. Low productivity has always been the bane of socialist societies. People will always work harder if they are working for themselves instead of the government. Ironically, Cuban President Raul Castro claims these moves are strengthening socialism.

HAVANA (AP) — Cuban President Raul Castro told legislators Saturday that the future of the country’s revolution is at stake as the government tries to institute sweeping economic reforms, adding that the changes are meant to strengthen socialism — not replace it.
Cuba has announced it will lay off a half-million workers from bloated state-run enterprises, while simultaneously allowing more free enterprise. It has also begun to scale back many of the subsidies Cubans have come to rely on to compensate for salaries that average just $20 a month.

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