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Prosperity is as simple as Economic Freedom

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
127,566
86,807
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Free enterprise is the solution. Socialism fails time and time again.

http://www.washingtontimes.com/news/2015/nov/2/richard-rahn-forsaking-free-markets-endangers-civi/

In the Americas, Cuba is the poster child for the destruction of both economic freedom and civil liberties. Back in 1957, before the communist revolution, Cuba had the fourth-highest literacy rates, the lowest infant mortality rate and was one of the richest countries in Latin America. The Cuban government refuses to adopt international economic statistical methodology, so there are no reliable figures about wealth and poverty in Cuba. But what is known is that the average Cuban wage is about $20 per month, which means that average income is about $240 per year. Even if all of the food, health and education subsidies are added in, the total comes to less than $6,000 per year per capita. And according to a United Nations report, Cuba now ranks No. 21 in Latin America, making it almost the poorest country in the region. The Cuban government blames its economic plight on the U.S. embargo, while conveniently ignoring the fact that Cuba has been able to purchase any foreign-made goods it wanted from Europe, Mexico, Canada and China, which neither imposed nor recognized the U.S. embargo. A half-century ago, Cuba was more prosperous than Chile, now at best it has a quarter of the per capita income.
 
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