Fidel Castro: Cuba’s economic model is broken

September 9, 2010

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From the Miami Herald, South Florida’s newspaper of note, a stunning admission from the premier communist leader in the Western Hemisphere.

During a lunchtime interview in Havana last week, Jeffrey Goldberg, a correspondent for The Atlantic magazine, asked the ailing leader if Cuba’s economic system was still worth exporting to other nations.
According to Goldberg’s blog, Castro replied, ``The Cuban model doesn’t even work for us anymore.”
Goldberg didn’t pry into Castro’s surprising statement, but said he believes it was clear what the aging leader meant.
“He said it in an off-hand way, but not jokingly,” Goldberg wrote The Miami Herald in an e-mail Wednesday. “I think this was an honest recognition on his part that his brother must re-order Cuban’s economic system in order to keep the country afloat.”
That Cuba’s economy is flailing is no state secret. Fidel’s brother, Cuban President Raul Castro, has repeatedly said that the communist economic model is badly frayed and in need of reform.

Jeffery Goldberg’s article from the Atlantic may be read HERE

Raul Castro is already loosening the state’s hold on the economy. He recently announced, in fact, that small businesses can now operate and that foreign investors could now buy Cuban real estate. (The joke of this new announcement, of course, is that Americans are not allowed to invest in Cuba, not because of Cuban policy, but because of American policy. In other words, Cuba is beginning to adopt the sort of economic ideas that America has long-demanded it adopt, but Americans are not allowed to participate in this free-market experiment because of our government’s hypocritical and stupidly self-defeating embargo policy.

Tell ’em where you saw it. Http://www.victoriataft.com