Monday, March 24, 2014

Cuba's Stagnation, More Failure of Socialism

If you ever needed evidence of the cumulative failure of decades of Socialism, look no further than Cuba. And don't blame the US. The Castro family, and their devotion to the failed socialist ideology, is responsible.

For example, doctors and nurses in Cuba recently got a big pay raise; some over 100% increase.  Good news, right?  From CNBC,
 At the high end, doctors with two specialties will see their salary go from the equivalent of $26 a month to $67, while an entry-level nurse will make $25, up from $13.
That's right, the best doctors will now make $67 per month! That's progress!!  It's what happens when you obsess about income equality and take it to a totalitarian extreme.

Recently, I highlighted that the failure of Socialism that is bringing the Venezuelan economy to a collapse. Yet, we still have nearly 50% of Americans who directionally still support the US moving toward more Socialism, ie., bigger government and more government control of the economy.   How can people be so blind?    Socialism brings stagnation and ruins societies.

Millions of people are being hurt by the stagnation of Socialism. Remember, it's all being done to equalize wages so that there's no wealth inequality.  The problem is that everyone is being "equalized" at a very low and impoverished level.  

Liberals in America would love to address income inequality by any means necessary, but rest assured that everyone would be worse off.

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