Demand Side Economics
[Raul] Castro said Cuban managers need to demand more from their workers, who receive free education and health care and subsidized food rations but on average earn only $20 a month.
"I have arrived at the conclusion that one of our big problems is a lack of systemic demand," said Castro.
He expressed dissatisfaction with the system of subsidies for those who can work, but do not, saying government handouts discourage Cubans from being more productive.
I think I like Raul more than I like his brother.
2 Comments:
Management is management whether they subscribe to a hooey theory or not
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2016.12.23xukaimin
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