Monday, November 14, 2011

Cubans Turn Rust Into Gold

Just when we thought we were finished discussing the value of private property in a capitalistic economy, look at what Cuba decided to do.

9 comments:

  1. Mili Kapoor Period 7November 16, 2011 at 7:31 PM

    This article is crazy in so many ways. First off, I cannot believe that Gonzalez survives on a stable income of $15 a month. That is mind boggling. Secondly, Cuba is in trouble. The kind of rules set by Castro are suffocating and barely a type of “economic liberty. People are suffering under all the restrictions. Also, it is awesome that he was able to make his property into very useful assets. It rid him of the old car, as well as the bills that came with it. Seems like Castro is making a bit of a change, but definitely not enough. We take our rights of buying and selling for granted. The Cuban economy cannot just run on the ability to sell cars, so hopefully Castro will soon turn to bigger projects that will be more sustainable and beneficial in the long term.

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  2. I was a bit surprised at first at the illegal car dealing, but I suppose in retrospect it makes sense. Certainly in a place where workers get only twenty dollars an hour, underground dealing in order to get money makes perfect sense. It's rather unsettling that something like this happens so close to home, but such is life. There's not much an individual can do, especially when they're in need of money. It's amazing what humans can do even when they're not THAT desperate.
    --period 9 Pearl L.

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  3. According to the article, the cuban government had published rules allowing Cubans to buy and sell used vehicles freely for the first time in half a century. This displays an example of laissez faire in the economy. For example,
    President Raul Castro says “The state has no business getting involved in a matter between two individuals,” “I have the right to sell it to whomever I want.” However, I don't really understand what is the big deal. And why are some people afraid to give their names out? Is it because Cuba is a communist country, that lifting restrictions are a huge thing?
    JeLi pd.9

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  4. It is very interesting to see what others do in different countries. A lot of the things we do in the United States is illegal in Cuba. It seems as though the citizens of Cuba are upset with their government and feel that they are not doing their job. Leopoldo was particularly angry and did not find the new laws in the country made any sense. Cuba did not let their citizens have cell phones or own a car and that caused people to do things illegally. Mr. Morales said the law was not implemented to stimulate the economy, but to placate the people.
    -Krutee pd.7

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  5. I find it obnoxious that the state made laws for Cubans saying they could buy as many cars as they want and that they are no longer allowed to loose their cars if they are immigrants because a large percentage of them don’t get hired for jobs that will allow them to buy new cars because they don’t get paid enough. The concept is a great idea for a law but, I just a feel a law like this in order to be implemented needs to be able to be backed up other wise the state looks like it is full of baloney. I also feel that implementing this law had no benefit or negativity in helping to restart up the economy. It was just kind of something that already was.
    - Taylor B

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  6. Cuba's government published rules allowing Cubans to buy and sell used vehicles freely for the first time in half a century. This simply legalized what many Cubans were already doing illicitly and would neither increase Cuba’s antiquated stock of vehicles or help the country’s growing transportation problem. Many people think there is no logic to this, but despite decades of communist prohibitions, the capitalist instincts of those playing the car market seem to be thriving. I wonder how this is going to play out, and whether or not this economic and political revolution proves to be a good one.
    Kara Curtin period 7

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  7. In Cuba, only a small elite group of people are allowed to buy and sell cars before the 1959 revolution. This angers many Cuban's because many can not afford gas or to maintain the car. The people should think about the effect of this law. Yes, only a few can buy new cars. However, the new cars are expensive. A hundyai is $28,00. Where will you get this money to pay for the car? The purpose of these new laws is to stimulate the economy. Later on, when the Cuban economy improves and the GDP increase, more Cubans will be able to buy new cars off internet with more options at their finger tips to help them, such as battery or electrical powered cars. The cars available to Cubans now may not be worth the money. With technology becoming more disposable at our fingertips, the cars of the next decade will be ten times more advanced and worthwhile than the cars in this decade.
    Joel Thomas Period 7

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  8. In Cuba, only a small elite group of people are allowed to buy and sell cars before the 1959 revolution. This angers many Cuban's because many can not afford gas or to maintain the car. The people should think about the effect of this law. Yes, only a few can buy new cars. However, the new cars are expensive. A hundyai is $28,00. Where will you get this money to pay for the car? The purpose of these new laws is to stimulate the economy. Later on, when the Cuban economy improves and the GDP increase, more Cubans will be able to buy new cars off internet with more options at their finger tips to help them, such as battery or electrical powered cars. The cars available to Cubans now may not be worth the money. With technology becoming more disposable at our fingertips, the cars of the next decade will be ten times more advanced and worthwhile than the cars in this decade.
    Joel Thomas Period 7

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  9. Cubans are now allowed to buy and sell used vehicles freely for the first time in half a century. This allow people working minimum wage find a way to make money but didn't stop them because they have already been doing it illegally. Although they are allowed to sell their cars the government is still in control of what they are doing.

    Mike Tennis

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