The Mandarins Now Come to Cuba By Boat
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, November 21, 2010
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Tenure: Economic Anomaly That Protects Laziness
- Right-to-Work vs. Forced Unionism States in 2009
- Quote of the Day
- China's Single-Child Adults Too Selfish for Marriage?
- How Did We Get in This Mess? "Reckless Departure"
- Weekly Rail Traffic Continues Steady Gains vs. 2009
- Leading Index, NY Fed Predict Continued Growth
- Weekly Jobless Claims Fall to 26-Month Low
- U.S. Consumers Move Towards Online Shopping
- Cleveland Fed Median CPI: No Inflationary Pressure
4 Comments:
Well 'if' this Havana Journal is factual this relatively recent headline of their's makes oranges look like the least of their problems: Cuba to close 100 farms, importing 80% of food now
State run newspaper Granma reported that Cuba will close at least one hundred “inefficient” government run farms and move approximately 40,000 government workers to other jobs.
Agriculture Minister Ulises Rosales made the announcement at a meeting of the National Association of Small Farmers in Santa Clara Villa Clara.
He claimed that the farms are unsustainable in the current economy.
Cuba imports about eighty percent of the food consumed by its eleven million people at an annual cost of several billion dollars...
Now this would be seriously bad news for me if I were a Cuban: Will Weissert from AP is reporting that Cuba had its worst coffee harvest in history in 2009 with production yielding only 5,500 tons. Pretty sad considering how much farm land there is in Cuba. Let’s not forget that the Communist government produced the lowest sugar harvest since 1905 last year...
When the economy of Cuba collapses, they will apply to 0bama for a bailout.
No surprise. The Ukraine was the breadbasket of Europe. Then, the Soviets got their hands on agriculture.
A handful of "economic plans" later, by 1964, the Soviet Union was importing the majority of its food.
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