Castro Says Comment On Cuban Economy Misunderstood

HAVANA (Reuters) - Fidel Castro said on Friday his recent comment that communist-led Cuba's economic model does not work was badly understood and that what he really meant was that capitalism does not work.

Sections:  world   
Topics:  capitalism   cuba   cuban economy   economy   fidel castro   global economy   
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • Raul Castro's daughter says would not want to be Cuban president
    (Adds possible presidential candidates, analyst comment) By Sarah MarshHAVANA ... author of "Open for Business: Building the New Cuban Economy". Surprises were always possible, he added, but he doubted the rumors of another Castro. "That would be a ...
    05/2/2017 - 3:56 pm | View Link
  • Raul Castro with a bad case of Trump Derangement Syndrome
    Cuban President Raul Castro ... he expressed solidarity with Mexico but did not comment on the 91 Cubans recently sent back to the island. So "qué pasa," as Cubans would say? What's going on? First, Cuba's economy is hurting badly, as was reported at ...
    03/7/2017 - 6:19 pm | View Link
  • EDITORIAL COMMENT: Fidel Castro, a leader the world should emulate
    A bearded, cigar smoking 33-year-old took over. A few months later, he “committed his second crime” against the US when he nationalised American companies that controlled the Cuban economy. This infuriated the US who responded by ordering oil firms ...
    11/28/2016 - 9:51 am | View Link
  • Raul Castro Scolds Cuban People For Corruption And Other 'Bad Behavior'
    Perhaps his most notable comment was ... citizens get paid in Cuban pesos, while a second currency, the dollar-pegged convertible peso, is used in tourism and to purchase most imported goods. Castro told legislators that the Cuban economy is advancing ...
    07/7/2013 - 9:52 am | View Link
  • Castro Misinterpreted Over Cuban Model
    Castro misinterpreted over Cuban model. Former Cuban ruler Fidel Castro said a journalist misinterpreted his comment about the economy. Fidel also said Jeffrey Goldberg misinterpreted his comment regarding the Cuban Missile Crisis. The two reported ...
    09/11/2010 - 1:00 pm | View Link
  • More
  • Cuban Communist Icon Fidel Castro Dead at 90
    Former President Fidel Castro, who led a rebel army to improbable victory in Cuba, embraced Soviet-style communism and defied the power of 10 U.S. presidents during ...
    05/24/2017 - 12:41 am | View Website
  • Fidel Castro: The Life of the Cuban Leader
    Fidel Castro led the Cuban Revolution and ruled the country with an iron will from 1959 until 2008. See his life in photos. 34 Photos
    05/22/2017 - 11:56 am | View Website
  • Cuban Thaw
    The Cuban Thaw (Spanish: deshielo cubano) is a warming of Cuba–United States relations that began in December 2014, ending a 54-year stretch of hostility between ...
    05/22/2017 - 1:48 am | View Website
  • Fidel Castro | political leader of Cuba |
    Fidel Castro, in full Fidel Alejandro Castro Ruz (born August 13, 1926, near Birán, Cuba—died November 25, 2016, Cuba), political leader of Cuba (1959–2008) who ...
    05/20/2017 - 6:39 pm | View Website
  • Former Cuban Leader Fidel Castro Dead at 90
    Fidel Castro, the cigar-chomping Cuban revolutionary leader and dictator who defied U.S. efforts to topple him for five decades, has died. He was 90.
    11/26/2016 - 2:37 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News