AUSTRIAN ECONOMICS ADDICT

Cuba has had a centrally planned communist economy ever since Castro took over in 1959. The videos below show a few things. 1) Look at how poor these people are. 2) Black markets will spring up even under a communist dictatorship. 3) People will always try to find ways around intrusive laws. 4) Black markets are more productive than centrally planned systems. 5) The totalitarian State Needs to control information if it is to survive.

These videos are by Vox.

Why Cuban Cab Drivers Earn More Than Doctors

Castor Hates The Internet, So Cubans Created Their Own

This entry was posted on November 24, 2015 at 12:45 am and is filed under Econ. 101. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Centrally Planned Cuban Economy, Cuban Cab Drivers, Cuban Doctors, Cubans Creqted Their Own Internet, Fidel Castro, Man Desires Liberty and Freedom