Wednesday, December 17, 2014

Cuban Socialism Hanging by a Thread

Normalization of relations between the US and Cuba is a mortal threat to the version of socialism that has survived on that island.  Its demise would be all but certain if the economic embargo were lifted.

Every country with a state-controlled economy that has been opened to the rest of the world has seen this control crumble; it is simply not sustainable in a world in which production networks, knowledge and innovation have become global.  If trade and the movement of people are liberalized and Cuba somehow retains dominant public ownership, it will be a miracle.  I make this prediction separate from any value, positive or negative, that might be attached to it.

Only one thing can possibly keep Cuban socialism alive—the intransigence of the new Republican majority in congress.

3 comments:

Larry Signor said...

Excellent prediction on Cuban/American interface. Bombs and bullets have been proven to be very poor substitutes for interface value relationships between countries.

Wallfly said...

I object to use of the term socialism to any socio-economic system that isn't demonstrably democratic. I daresay Marx would agree. (Though that doesn't mean that there are not interesting economic lessons to be learned from state controlled economies.)

G said...

Hm. Isn't Cuba basically been open to the rest of the world for a while already? At least in the sense that the rest of the world isn't embargoing them. The American embargo may have some extra-territorial effects, but still.