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Capitalism Versus Socialism

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Submitted By srajib
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Why is a struggle underway in Cuba between social equality and the free market? Why did Cuba permit free markets? Who in the video wants Cuba to remain socialist? Why? Who in the video prefers free markets and capitalism? Why? What is the role of incentives in this struggle? In your view, which force will win? Why?

There is a struggle underway in Cuba between social equality and the free market. A conflicting of opinions of how the economy futuristically should be structured and/or organized is causing the uproar between parties. Deep veins of Russian support facilitated Cuba’s government controlled socialism economy. Then the Russian economy collapsed leaving Cuba to fend for itself. As a result without many options, Cuba permitted free markets. This meant more freedom and independent choices resulting into economic upswings (McConnell, et al, 2012). The clear individual who favors free markets and capitalism is the Cuban exile, Antonio Morales-Pita.
The speaker in the video stated, “Cuba decided to sell its culture, its climate, and its beaches to foreigners”. Therefore, on the surface Cuba claims to operate under socialism however, “joint ventures with the Japanese and Koreans have brought in household gear you might see at any American shopping mall. And supermarkets offer on almost all Cuban clientele, everything from Brazilian diet gelo to Jack Daniels and Jonny Walker red.” I can understand why the fiasco over Cuba’s identity still remains today. Cuba is clearly going through an identity crisis.

The farmer in the video wants Cuba to remain socialist. He claims that he has great trust for the government run supply and demand markets. He believes capitalists are pigs and untrustworthy. Although, little does he know the wood for his barn could have been made in the U.S., then exported to Japan who in turn sold it to Cuba for his use

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