Cuba: Lessons from the Bad Old Days

Fidel Castro had an unexpected bit of advice for his countrymen: Learn some lessons from the way capitalism ran things in the pre-Castro days. Present-day Cuba, admitted Castro in a speech in Havana, is afflicted with loafing, mismanagement, overcentralization and red tape. "Some people here apparently believe that socialism is to mess up everything and entangle everything and make things impracticable and unworkable." Under capitalism, the owner at least "protected his interests," while the government-appointed manager of an expropriated enterprise "is not disposed to protect the interests of anybody because he has an assured salary." A U.S. "monopoly," Castro went...

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