Showing posts with label Stephen Kinzer. Show all posts
Showing posts with label Stephen Kinzer. Show all posts

Saturday, January 23, 2010

"Capitalism" versus Communism

Stephen Kinzer provides a good reason not to use "capitalism" to mean "free market":
Visiting unhappy Cuba is especially thought-provoking for anyone familiar with its unhappy neighbours. Cubans live difficult lives and have much to complain about. So do Jamaicans, Dominicans, Haitians, Guatemalans, Hondurans, Salvadorans, and others in the Caribbean basin who live under capitalist governments. Who is worse off? Does an ordinary person live better in Cuba or in a nearby capitalist country?
I take it Kinzer defines "capitalism" as "not Cuban-style Marxist state socialism."

HT: Jacob Hornberger