Capitalism and Free Market

Topics: Capitalism, Free market, Soviet Union Pages: 3 (963 words) Published: March 13, 2014

Why is a struggle underway in Cuba between social equality and the free market? There is a struggle underway in Cuba between social equality and the free market because of the economy in Cuba. Since WWII ended they have had an extreme form of socialism with Russia being head of the Union of Soviet Socialist Republics. Then Russia pulled out and they sold their beaches to foreigners and the tourist came in. While the US does not do business with Cuba, they have joined forces with the Japanese and Koreans. Why did Cuba permit free Markets? Free Markets were permitted because they wanted to have the choices instead of having the government making the decisions. Who in the video wants Cuba to remain socialist? Why? The student in the video said that they do not want capitalist, they want socialist. They are the same and they have the same clothes. The other country is not better than them because they have new and we don’t. They don’t need the free market but they have to have it. When they don’t need it anymore they will fade it out.

Who in the video prefers free markets and capitalism? Why? The man at the market prefers free market because the food is fresher and they have an abundance of food. People can make choices of what they want instead of being given items from the market.

What is the role of incentives in this struggle? The man at the market prefers free market because the food is fresher and they have an abundance of food. People can make choices of what they want instead of being given items from the market.

In your view, which force will win? Why? I think the free market will be the force that wins. The free market allows them to make their own decision. They can cultivate and sell their goods at the markets without worrying about the government making decisions for them.

Cuba is a democratically deformed workers state, a society where capitalism has been overthrown but political power is monopolized by a...

References: Chmielewski, T, (2013). Negative Effects of Free Trade. Demand Media. Retrieved February 21, 2013 from http://smallbusiness.chron.com/negative-effects-trade-5221.html.
McConnell, C., Brue, S., Flynn, S., & et al, S. (2012) Economics. (19e ed.). New York: McGraw-Hill Irwin
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