20-Apr-18 World View -- Cuba's new president Miguel Díaz-Canel makes delusional promise to continue Socialist revolution

[John]

20-Apr-18 World View -- Cuba's new president Miguel Díaz-Canel makes delusional promise to continue Socialist revolution


Cuba's faltering economy and the dual currency problem

** 20-Apr-18 World View -- Cuba's new president Miguel Díaz-Canel makes delusional promise to continue Socialist revolution
** http://www.generationaldynamics.com/pg/ ... tm#e180420


Contents:
Cuba's new president Miguel Díaz-Canel makes delusional promise to continue Socialist revolution
The Socialist delusion in Cuba
Cuba's faltering economy and the dual currency problem


Keys:
Generational Dynamics, Cuba, Raúl Castro, Fidel Castro,
Miguel Mario Díaz-Canel Bermúdez, Socialist Principle Of Distribution,
Venezuela, Soviet Union, Russia, China,
Cuban peso, CUP, Cuban convertible peso, CUC

[Guest]

What's your take on the Nazi economy? I have read a lot on the topic, but there is no agreement. Was the Nazi economy just a credit bubble made up of loans that could never been paid back, or was the Nazi policy of trading finished German goods for raw materials using a fiat currency largely successful? Are fascist economies better than communist ones?

[Guest]

What's your take on the Nazi economy? I have read a lot on the topic, but there is no agreement. Was the Nazi economy just a credit bubble made up of loans that could never been paid back, or was the Nazi policy of trading finished German goods for raw materials using a fiat currency largely successful? Are fascist economies better than communist ones?

Anything is better than a communist economy.

[John]

> What's your take on the Nazi economy? I have read a lot on the
> topic, but there is no agreement. Was the Nazi economy just a
> credit bubble made up of loans that could never been paid back, or
> was the Nazi policy of trading finished German goods for raw
> materials using a fiat currency largely successful? Are fascist
> economies better than communist ones?

Germany was hit hard by the Great Depression like everyone else,
and that was one reason that Hitler rose to power.

I've never really looked at Germany's economy, and if you've read a
lot about it then you probably know more than I do. You may find the
following article interesting:

** The bubble that broke the world
** http://www.generationaldynamics.com/pg/ ... 071009.htm

[shoshin]

Not to apologise for Cuban socialism, but they have done a good job in the medical/biotech area. There is equality in providing medical care ( mediocre, but wide-spread, doctors are paid poorly by our standards). And they do have a biotech "industry" mostly focussed on vaccines, which they actually market to other Latin American countries. It's probably one of the few bright spots in their export economy (except rum and cigars).