Historic Day For Cuba
USA lifts financial and travel sanctions against Cuba
Obama cannot unilaterally lift embargo, but it is likely that Incoming President Jeb Bush will do it anyway.
Watch Cuban economy BOOM.
Another "communist wall" dismantled.
Another civilization saved from the tyranny of socialism
3 comments
3 comments
Wow, this is amazing. Through much of the 1950s, Hong Kong and Cuba were economically similar, and both were very close to the world average.
Then Hong Kong became a poster child for capitalism while Cuba became an outpost of Soviet communism. And, as you might expect, the people of Hong Kong prospered.
What about the Cubans? Well, I suppose a leftist could argue that they’re all equally poor and that universal deprivation somehow makes Cuban society better Hong Kong, where not everybody gets rich at the same rate.
But even that would be a lie since Cuba’s communist elite doubtlessly enjoys a very comfortable lifestyle. So while the rest of the country endures hardships such as a toilet paper shortage, the party bosses presumably drink champagne and eat caviar.
The bottom line is that statists still don’t have an acceptable answer for my two-part challenge.
1. Can you name a nation that became rich with statist policies?
2. Can you name a nation that with interventionism and big government that is out-performing a similar nation with free markets and small government?
http://www.zerohedge.com/news/2014-11-28/what-can-hong-kong-and-cuba-teach-us-about-economic-policy
Ayn Rand Ayn Rand what a we want Ayn Rand Wenner we want her Now