8/03/2004

Weekend at Fidel’s

Cuba’s economy is continuing down the cliff as it strives to reach bottom. Cuba has reluctantly allowed some capitalism into its economy by way of foreign investment. Then the government makes it difficult to truly allow it to work. The disaster is now “irrevocable” is a piece on the Economist.com website detailing the current woes of the Cuban economy. The article states that, “The Cuban ministry for foreign investment has held a series of meetings with European businessmen to try to iron things out. But the minister, Marta Lomas, made it clear that Cuba was not about to change its spots. “You know the rules when you get here,” she told her audience. President Fidel Castro, too, has always made it clear that he will not let such paltry matters as economic growth dilute the purity of his revolution. Makes one wonder if Fidel is really still alive or Cuban’s are re-living the Weekend at Bernie’s movie and driving around with him propped up in the back of their car until they can figure out how to come up with a way to revive the economy.

3 comments:

derek said...

The revolution is over for Cuba. How does Fidel expect to get anywhere whithout an economy? And how is a little place like Cuba supposed to survive without foreign investment?
I agree with the weekend at Bernie's theory.

Dr. Tufte said...

My personal opinion on this is that Castro deserves the death penalty for crimes against humanity.

My professional opinion on this is that Castro deserves the death penalty for crimes against humanity. Recall what I said in class about politicians who choose policies that lead to needless deaths of their constitutents.

Anonymous said...

What's really sad, is that there are economics professors at the University of Utah who will tell you with a straight face that Fidel Castro is a great man because of his policy choices.