Econoblog

Economics Made Economical

Category Archives: Communism

World’s Top 15 Economies: Cuba (Five-Year Update)

Cuba Five years ago, Cuba was the Western Hemisphere’s only official remaining dictatorship, where one-party political rule and a closed-market, government-run economy regulated all aspects of the Cuban people’s lives. In the five years since the first version of this piece was published, the Castro brothers’ near-absolute, 50-year grasp on power has weakened substantially: Fidel …

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Myths & Misconceptions About Capitalism

1. Capitalism favors the wealthy The Reality: Capitalism favors the hardest-working, the most creative, the most inventive, thoughtful, unique, and innovative people. True capitalism has never been about accruing wealth for wealth’s sake; rather financial rewards act as motivators and catalysts to bring about progress and change. Capitalism, in its true sense, is about the overnight success …

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World’s Top 15 Economies: CUBA

Cuba When most people think of the Western Hemisphere‘s only dictatorship, open-market capitalism and economic prosperity aren’t the first things that come to mind. Although the small island nation has been controlled entirely by the Castro brothers’ near-absolute Communist reign for over 50 years, rapid recent economic progress suggests that the formerly isolated pariah state, …

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WORLDWIDE TOP TEN: Best Economies (Part 1)

The G8. The Global Superpowers. The USSR, the British Empire, Japan, China, the United States. What they all have had in common at one point or another in their history is they were considered the current world economic leader or closely watched due to their potential to explode upon the global economy. In some instances, the dominance …

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Tip of the Day: No Taxes In Cuba

Did you know that the Castro regime in Cuba tells its people they do not pay taxes, and that the less-educated Cubans tend to believe it? Although the pay an income tax over 90%, their pay stubs do not reflect the taxation or the real amount earned. All they see is their post-tax paycheck amount, …

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