Wednesday, 15 September 2010

BANKRUPTCY

I'm losing patience with Fidel Castro. Just as I thought that he was finally seeing the light, he has recanted on the question of Cuba's economic model. He claims he was misinterpreted.

The problem with him is that he has never read the Italian philosopher Benedetto Croce. Had he done so, he would have realised two very important things: firstly, that, while the dialectic method functions well in the realm of thought, when applied to History it becomes an aberration; secondly, that, basing an economic model on the particular conditions of Industrial Revolution England, is an even bigger aberration.

It is obvious that he has also not read John Maynard Keynes, a man whose economic theories don't leave me particularly excited, but who, on one question, seems to have been quite right. He argues that Marxism is based on a gross misinterpretation of David Ricardo.

If the Cuban model is such a successful recipe, why is his brother firing, according to some sources, half a million, according to others, one million public servants?