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Comments on Communism in Cuba

September 8, 2010 Leave a comment

The Associated Press is reporting that “Fidel Castro told a visiting American journalist that Cuba’s communist economic model doesn’t work” adding that “Castro’s interview with Goldberg is the only one he has given to an American journalist since he left office.” Regardless of whether or not this comment was interpreted in a different manner than intended, the question of whether or not Communism in Cuba needs re-modelling is essentially prevalent.

In August The Examiner reported new legislation in Cuba allowing “foreign investors to lease government-owned land for up to 99 years” under an article entitled Cuba opens door to U.S. economic investment. This implies and increasing demand for a stronger Cuban economy, shattering the veil that the current financial climate is impervious to this Communist country. Ultimately, an increasingly global economy means that financial ripples will be felt by more metaphorical swimmers. Yet regardless of political stance, Cuba is seeking investments, resulting in the question of whether 2010 was too soon, too late, or just the perfect time, for this legislation to take effect.  

*Update: On Saturday September 11 2010, The Miami Herald released an article expressign Fidel Castro’s claim that his comments were misinterpreted.

“What’s true is that my reply meant exactly the contrary” of the meaning perceived by Goldberg and Sweig, Castro said. “My idea, as the world knows, is that the capitalist system no longer serves either the United States or the world.”
For more information on this update please follow the linked article above.
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