“I’d Like to Have More Opportunity, to Buy a Car, and Have a Few Possessions”
April 19, 2018
Says a 41-year-old Cuban construction worker. This is what almost sixty years of socialism has done for the Cuban people: They can only dream of someday having “some possessions.”
Almost everyone in Cuba is employed by the state, which pays them the equivalent of $30/month. Karl Marx predicted that under capitalism workers would be paid only “subsistence wages” that were enough to keep them alive and dragging themselves to work every day. As with almost all of Marx’s predictions, exactly the opposite is true: While workers have gained tremendously under capitalism they are starving with subsistence wages in one of the last bastions of Marxian socialism (apart from American universities).
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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