Monday, September 27, 2010

Socialist Economy in Cuba

No presidential administration or form of government has ever been credited with finding the “right” role that government should play. The economic situation in Cuba is yet another illustration of the ongoing debate over if, and how much, government should participate in society. This article brings up the issue that too much governmental involvement has hindered progression by stunting the natural development of the economy. The economic instability in Cuba reveals that Castro’s influence over the private sector has led to a failing economy and in my opinion an infringement on personal freedoms and rights. To “save socialism” in Cuba, Castro has been forced to relinquish some state control to allow for “free enterprises” to revive the economy. Fewer government run businesses in Cuba is a first steps towards a more balanced role of government and a more independent citizenry.

1 comment:

B. De Graff said...

After the fall of the USSR and Fidel Castro's death, the natural progression for the cuban government should be to refine socialism. The act of privatizing business will allow open up the economy and help the average cuban. Because of these actions, the new government and Raúl Castro are gaining popularity in Cuba. Although this is a step in the right direction, I believe that it is only a matter of time that cuba abandons socialism all together.