Posts Tagged ‘Capitalism’

Dumpster diver misses perfect score as fails to hold pike

June 18, 2008

Apparently, dumpster-diving for food is all the rage amongst people that dislike “consumerism.” They really get into it. Here’s some great quotes from a woman featured in the article.

“It’s so easy to eat for free,” she says. “The only things I buy are butter and milk.”

“Aw darn,” she calls from within. “A box of chocolates — but they’re empty.”

One man’s trash is another man’s dinner.

The Original Trash Lover.

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Cuba to abandon salary “equality”

June 12, 2008

Somewhere, a bunch of middle and upper class people who have no concept of the poverty most Cubans live in, are wailing. Cuban officials are apparently catching on to what free-market advocates have known for decades. Marxism has been berry, berry bad. Good for Cuba.

Cuba to abandon salary equality

Cuba is to abolish its system of equal pay for all and allow workers and managers to earn performance bonuses, a senior official has announced.

Vice-Minister for Labour Carlos Mateu said the current system – in place since the communist revolution in 1959 – was no longer “convenient”. He said wage differentiation should improve production and services. President Raul Castro has introduced a series of reforms since succeeding his ailing brother Fidel in February.

Writing in the communist party newspaper Granma Mr Mateu said workers would receive a minimum 5% bonus for meeting targets but with no ceiling on salaries. Managers could earn a 30% bonus if the team working under them increased production, he said.

The minister pointed out that the current wage system sapped employees’ incentives to excel since everyone earned the same regardless of performance.

“It’s harmful to give a worker less than he deserves, it’s also harmful to give him what he doesn’t deserve,” the newspaper article said.

But the impact in terms of purchasing power will be limited, the BBC’s Michael Voss in Havana says.

The average wage in Cuba for everyone – from doctors to farm labourers – is about $20 (£10) a month. Even before the recent sharp rise in oil and food prices Cuba was spending billions of dollars on imports, and that bill is likely to rise sharply, our correspondent says.

So far most of the reforms announced since Raul Castro took over the presidency have involved lifting restrictions such as the bans on mobile phones and computers.

The latest change is a more fundamental challenge to Marxist economic orthodoxy, our correspondent adds.