Cuba is one of the few remaining communist countries left. It survived the collapse of communism 20 years ago. Whilst most countries sent socialism packing, Cuba clung to it, though at an enormous cost to its economy and standard of living. I visited the country 4 years ago and saw at first hand how threadbare and rundown everything is.
Now I see that under the leadership of Raul Castro, Fidel's brother who recently took over the reins of power, Communist Cuba is to shift towards capitalism in an attempt to cut the ballooning government deficit. By April next year, the state payrole will be cut by half a million people. Self-employment is to be legalised in a large number of trades.
I wonder what the Labour party in the UK thinks of that. They continue to argue for massive borrowing to maintain revenue expenditure. The rest of the world is moving to balance budgets. The Left, when it is in power, recognises that economic and financial reality cannot be ignored. The real world kicks in.
It is an interesting point that socialist governments the world over are bringing in austerity drives. It's not just Cuba. Spain has a socialist government. And austerity measures there are far greater than anything planned for the UK. Perhaps the UK Labour Party should look abroad to their "comrades" for a lesson in economics and finances.
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