Cuba: Capitalism or Socialism?

1. Please review the video clip from this link
http://www.mhhe.com/economics/solman_video_mov/capital_cuban.mov

2. Answer the following questions:

Why is a struggle underway in Cuba between social equality and the free market? Why did Cuba permit free markets? Who in the video wants Cuba to remain socialist? Why? Who in the video prefers free markets and capitalism? Why? What is the role of incentives in this struggle? In your view, which force will win? Why?

Solution Summary

Cuba is on the crossroads of turning into a capitalist state or remain a socialist. Its people experience a capitalist flavor but others would like it to be what Fidel Castro would want it to be. Some free-loving citizens would like to see a democratic country embraced by the community of nations.