World Threats

For anyone who still would like to see if a command economy is better than a capitalist one we have this news from Havana. The government of Raul Castro has decided to lay off one million of what it calls “excess” workers in a bid to cut costs.

“After months of investigations held under a program to renew the Cuban economic model, the Council of Ministers has adopted a number of measures aimed at reducing the number of surplus workplaces in the state sector,” Castro told the country’s parliament.

The country’s leader said that one million workplaces in Cuba are surplus – some 20% of the country’s employable population.