Wednesday, August 22, 2007

Totalitarian Chic

"His stint as head of the National Bank, during which he printed bills signed ‘Che’, has been summarized by his deputy, Ernesto Betancourt: ‘[He] was ignorant of the most elementary economic principles.’ Guevara’s powers of perception regarding the world economy were famously expressed in 1961, at a hemispheric conference in Uruguay, where he predicted a 10 percent rate of growth for Cuba ‘without the slightest fear,’ and, by 1980, a per capita income greater than that of ‘the U.S. today.’ In fact, by 1997, the thirtieth anniversary of his death, Cubans were dieting on a ration of five pounds of rice and one pound of beans per month; four ounces of meat twice a year; four ounces of soybean paste per week; and four eggs per month."


- has socialism ever thrived anywhere? -

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