Despite its myriad problems, the Cuban economy has proved resilient when times get tough, according to Pavel Vidal, a former economist at the Cuban Central Bank who now teaches at the Javeriana Cali University in Colombia.
“In normal conditions, Cuba’s centrally planned economy impedes economic growth, progress and innovation,” he said. “But in times of crisis, having a plan to assign resources where they are needed is an advantage.”
Prices allocate resources efficiently. So, when we’re short of resources we shouldn’t use prices?
No wonder the place is fucked with that sort of insanity.