Tuesday, October 24, 2006

Cuba's Commie Economy in Crisis-How Shocking

Cuba's communist economy is in crisis. Inefficiency, corruption and theft is rife in it. Cuban officials "ponder on how to fix it" and ask European diplomats "why doesn't it work?".

Maybe it has something to do with, you know, communism . All communist economies have had these problems so that seems like a likely explanation.

The obvious solution is thus free market reforms like the one implemented in former communist countries in Eastern Europe, China and Vietnam.

But according to the article, Cuban officials rule out China's example of putting into place a capitalist economy while retaining the polical power of the nominally Communist Party. So Cuba looks stuck with poverty and ineffeciency, at least until the Castro brothers finally die.


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