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Frank Revelo's avatar

Unfortunately, these statistics will fall on deaf ears among the average American. As long as their house and stock prices keep going up, they will remain convinced that "socialism" doesn't work and "capitalism" does. I use quotes because ultimately, as Deng put it, "it doesn't matter what color a cat is as long as it catches mice". These ism words often obscure more than clarify. What really matters is the quality of the elite. It is possible to leave the commanding heights (banking, Wall Street, infrastructure) in the hands of the private sector as long as there are competent and non-corrupt regulators, such as in USA in the 1940-1980 period. Conversely, total state ownership of the economy does not protect from corruption by a self serving hereditary elite, such as what developed in USSR after 1960.

As for Cuba, their best bet is probably to give Trump the "deal" he wants: a few square miles of waterfront property for a Trump Havana hotel and golf course complex.

Loon's avatar

America the Warrior State has the freedom to be the most reviled nation on earth .

Glad it’s economic argument is put to shame .

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