- 30 Apr 2017 22:49
Their economy doesn't need 'reforming', it just needs freedom & space in which to evolve.
It's interference & organised corruption by politicians that stop economies from working as they should.
In my honest opinion, the most successful human market place to evolve, are the street markets.
I remember the small shop-owners that were, through high demand, as well as quality, the source of trade for many, many, small manufacturers & traders.
What killed many high street traders in the U.K was high business rates, which killed profits, trade & employment for short-term council revenues.
A country with too many tax points will kill off enterprise.
Taxes should only be extracted by government based on the trading bottom line, executive pay should be paid(post tax) along with shareholder dividends after corporate taxes due have been collected.
The executive pay,with dividends should then be taxed accordingly separately, any excessive executive salary, calculated by comparison to annual profit growth(or losses)would extracted back by the state, the purpose of this is to encourage investment, inhibiting 'leakage' of capital from the business.
There's no reason at all why Cuba cannot succeed, in fact it's future prospects look better than for a very long time.
Andre PREVIN : "Your playing all the 'wrong' notes" .
Eric MORECOMBE ; "I'm playing all the 'right' notes,but, not necessarily in the 'right' order".