Hong Kong and Cuba were once economically very similar; now they are world’s apart. The explanation why is simple.

Even vicious, reprehensible, and disgusting tyrants sometimes make wise observations. Back in 2010, for instance, Cuba’s Murderer-in-Chief confessed that communism didn’t work. More recently, the thug expressed unhappiness with the current crop of presidential candidates in America. Here’s some of what he wrote. Cuban revolutionary icon Fidel Castro said Monday that a “robot” would be […]

I’m not serious , of course, but it is rather ironic that Raul Castro is cutting the tax burden on small business at the same time that Obama is pushing for higher tax rates on small business. Reuters reports on the latest in supply-side communism. Cuba unveiled on Friday a new tax code it said […]

I’ve already commented on Cuba’s surprising announcement to slash the number of government workers. And I’ve complained about the federal workforce expanding in the United States. This is not what one would expect when comparing policy developments in a communist nation and a (supposedly) capitalist nation. Well, Russia wisely is following the Cuban approach on […]

Since we’re talking about a totalitarian nation, I suppose I should make clear that Raul Castro is getting rid of 500,000 government jobs, not executing a half-million bureaucrats. This is a remarkable development, particularly since the entire workforce is only 5 million people. What’s ironic, though, is that Cuba is trying to reverse its mistakes […]

It must be the time of year for confessions. Cuba’s former dictator recently confessed that the Cuban model is a failure. That was a surprise, but now we have a remarkable admission from a Democrat member of Congress, who admits that “if you don’t tie our hands, we will keep stealing.” But since this looter voted for the […]