Castro Retires

Posted By: Dr. Frugal in Economics on 02/19/2008 at 06:37:51

Fidel Castro stepped down this morning. What's that mean for us in the United States· Well, Raul (Fidel's brother) is now the head of state and he's been handling most of the duties since Fidel got sick in 2006. He apparently is a more ardent follower of the Chinese-style of communism and is likely to loosen many of the economical restrictions there. The "down" side (if you're a communist dictator) is that once your people start trading stuff more freely they start to trade ideas more freely and it undermines your authority. I guess we'll all just wait and see.

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