TIME Magazine content is available exclusively for TIME subscribers.

Current subscribers for full access. Not a TIME subscriber? .

Cuba: Lessons from the Bad Old Days

Fidel Castro had an unexpected bit of advice for his countrymen: Learn some lessons from the way capitalism ran things in the pre-Castro days. Present-day Cuba, admitted Castro in a speech in Havana, is afflicted with loafing, mismanagement, overcentralization and red tape. "Some people here apparently believe that socialism is to mess up everything and entangle everything and make things impracticable and unworkable." Under capitalism, the owner at least "protected his interests," while the government-appointed manager of an expropriated enterprise "is not disposed to protect the interests of anybody because he has an assured salary." A U.S. "monopoly," Castro went...

Time.com on Digg

POWERED BY digg

Quotes of the Day »

DAVID CAMERON, British Prime Minister, on England's soccer manager, Fabio Capello, who resigned after challenging the FA's decision to strip John Terry of the captaincy; Terry denies a charge of racially abusing QPR's Anton Ferdinand
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.