More than fifty years ago the distinguished Austrian economist Friedrich Hayek in his brilliant book The Road to Serfdom wrote the following statement: “The coming of socialism was to be the leap from the realm of necessity to the realm of freedom. It was to bring ‘economic freedom,’ without which the political freedom already gained […]
External Debt Problems and the Principle of Solidarity: The Cuban Case
Notes[ref]The views expressed here are those of the author and in no way represent the official views of the International Monetary Fund.[/ref] As the planet earth advances rapidly towards the twenty-first century, people are becoming more aware that the various problems affecting contemporary society cannot be solved exclusively at the national level. Increasingly the world […]
The Ethical Foundations of Private Property: The Cuban Case
“Justice is destroyed in twofold fashion by the false prudence of the sage and by the violent act of the man who possesses power.” — St. Thomas, On the Book of Job (8,I) The thirty six years of Castro’s omnipotent rule seem to be coming to an end. After more than a quarter of a […]