(fwd from Ted Pearson) Soviet economic performance: a re-evaluation

Jose G. Perez jgperez at netzero.net
Sun Nov 16 19:46:44 MST 2003


>>The Chinese, Vietnamese and Cuban exceptions are very much related to
the degree they have allowed market forces to allocate resources
independently of bureaucratic intervention.<<

I do not know about China and Vietnam, but Cuba's economy is still very
much a planned economy where the very visible hand of the revolutionary
government guides things. While foreign capital is allowed a role, it is
not in the slightest the market free for all your comments would imply.
And there is no significant space for capitalist entrepeneurship. Cubans
are allowed to be self-employed or set up family businesses, but hiring
workers is strictly forbidden. 

The Cuban "exception" doesn't have much to do with "market forces";
instead is very much related to the character and policy of the
leadership and the revolutionary government.

José



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