Think Bernie Sanders Big Government, Free Healthcare, Free College Might be the Right Way to Go?

Take a Look at Cuba

Those of us who are highly critical of the U. S. economic system are sometimes mistaken for people who would like more government intervention like socialism or communism. This is not true. Regulated capitalism is the best system. It's just that in America the regulators have been co-opted by the regulated.

As for government control of the economy, there is Cuba to consider. From The Economist.

Bound by a socialist straitjacket, Cuba produces little else that other countries or its own people want to buy. Farming, for example, is constrained by the absence of markets for land, machinery and other inputs, by government-set prices, which are often below the market price, and by bad transport. Cuba imports 80% of its food.

Paying for it is becoming harder. In July the economy minister, Ricardo Cabrisas, told the national assembly that the financial squeeze would reduce imports by $1.5bn in 2017. What appears in shops often depends on which of Cuba’s suppliers are willing to wait for payment. GDP shrank by 0.9% in real terms in 2016. Irma and the drop in imports condemn the economy to another bad year in 2017.

The government does not know what to do.

Now the United States is no Cuba. But state socialism may well take over the Democratic party. If it does they will lose, and they will deserve to lose.

Business Activity in Cuba