Showing posts with label Cuba. Show all posts
Showing posts with label Cuba. Show all posts

Tuesday, November 25, 2008

AN INTERESTING STORY ...

I was teaching graduate courses in Mexico in 1993 when I ran across the Spanish-language translation of Benjamin J. Cohen's book, In Whose Interest? International Banking and American Foreign Policy (1986). I had read the English language version of his book a few years earlier, and was happy to see it in Spanish. I used it in one of my graduate courses in Queretaro, Mexico.

I mention this because in his book Benjamin Cohen discussed how bankers understood that if they were big enough and overplayed their hand that they would be bailed out by their governments. My favorite chapter was "So What's New?", which explained how banks and nation-states have historically played a silly game of "Who Needs Money Now?", only to lend and bailout each other when appropriate.

The moral of the story is that what we are seeing with Citigroup and the financial sector in America today is NOT new. Banks know that they will be bailed out if their problems are big enough. This kind of stuff has been happening literally for thousands of years. Moral of the Story: The $3-4 trillion that's been committed by the U.S. government so far is just the beginning (Worse, these dynamics constitute the real Graveyard of Empires).

I share this story because I want to emphasize that what's happening now is not new. This stuff happens for a reason. I'll be commenting on this later.

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Note: When I invited Dr. Cohen to CSUB to discuss his work I complimented him on the Spanish language version of his book. The translation was first class. He replied, "I didn't authorize a Spanish language version." I laughed (nervously) and told him that it was translated in Cuba (the Cuba-Mexico connection is another story). The communists - especially during the Cold War - were always interested in how the state props up capital in capitalist societies. There's an ugly lesson in this for all of us today.

- Mark

Tuesday, August 19, 2008

PUTIN IS JFK ... GEORGIA IS CUBA?



There's an interesting article in today's Der Speigel that takes another look at what's going on in Georgia. Long story short ... Russia is within it's right to make sure events in their "backyard" drift towards their interests. Here's a snippet:

... even Kennedy drew a distinction between first-class and second-class sovereign states. He assumed that residents of the main house ought to have something to say in the backyard, as in Cuba, for example. Putin shares the same view, in the case of Georgia, for example. In America's case we call such behavior dominant, and in Russia's case aggressive. But we mean the same thing.

... Now US Secretary of State Condoleezza Rice and her president, George W. Bush, say that other laws apply today than in the 20th century. It sounds plausible, but it isn't true, as is clearly evident in the case of Cuba.

America still treats the Caribbean island, with its Stone Age communism, as a public enemy. American citizens can neither visit Cuba, a country with a gross domestic product a fraction the size of the US's, nor can they trade with it. Cuban cigars are considered contraband, and any American who smokes them is regarded as an enemy of state.
Here's the link.

- Mark

Friday, February 22, 2008

CASTRO'S LEGACY


I wrote the following for the Bakersfield Californian when Castro was thought to be on his death bed in August 2006. I still like it. I'll post the Californian link later. Enjoy ...

- Mark


After 46-plus years in power, the revolutionary movement that ousted military dictator Fulgencio Batista in 1959 has had some successes. For example, Cuba’s infant mortality rate rivals the U.S. and surpasses the U.S. in its inner cities. Investments in the medical field have paid off handsomely.

But the character and strength of Cuba’s revolution under Fidel Castro rests not so much in Cuba’s medical advancements. Indeed, if quality of life and standard of living have anything to do with Castro’s record, and it does, Cuba stands as a failure for the lack of freedoms and civil liberty guarantees that other Latin American countries enjoy.

Instead, Fidel Castro’s prestige and a good part of Cuba’s revolutionary success rests in how they have survived decades of U.S. efforts to regain control of the island. Castro has survived assassination attempts, a 40-year U.S.-led economic blockade, the collapse of its primary trading partner and more recent efforts, like the Helms-Burton Act (designed to punish corporations doing business on the island). Survival and longevity have allowed Fidel Castro and ordinary Cubans to come across as modern-day Davids, standing tall against the U.S. Goliath.

Fidel Castro’s global standing is especially significant given he didn’t start off as a Soviet puppet. His early track record of ignoring the socialists, his subsequent reversal and embrace of the Soviet Union, and his eventual back-peddling on revolutionary ideas best inform us about Cuba’s future after Castro is gone.

It’s not often acknowledged that Castro had, at best, cool relations with Cuba’s socialists and Marxists. In fact, like Batista, Castro didn’t initially recognize the Soviet Union when he came to power.

What drove Castro was nationalism, not communism. A student of Cuban history, Castro came to despise the U.S. for imposing the Platt Amendment on the Cuban Constitution. The amendment turned Cuba into a virtual U.S. protectorate. He hated how U.S. companies and jetsetters wielded financial power, while bringing bigoted attitudes that came with the times in the U.S.

Because of Castro’s fervent nationalism, most of Cuba’s elite and clergy initially stayed in Cuba after the revolution. To be sure, elites really wanted to preserve their privileges, but they also genuinely believed they could work with Castro. This is important because it showed that Castro was not only a nationalist, but viewed as a pragmatist.

In this vein, like the Peter Sellers character in “The Mouse that Roared,” Castro tried to play the U.S. and the Soviet Union against each other in an effort to secure resources.

This would all change after the U.S. began denying Castro certain raw materials and access to markets. When U.S.-owned refineries refused to process Russian crude in 1960, Castro began nationalizing U.S.-owned assets.

Political expediency, driven by economic realities, made Castro a communist and an outlaw in the eyes of the U.S. At this time, Castro realized something else: Defying the U.S. might bring assassination attempts, but it could also turn you into a national hero. For someone with Castro’s ego, becoming Public Enemy #1 in the U.S. wasn’t all that bad.

As a political chameleon, what really made Castro effective was the fervor he demonstrated once he embraced the rhetoric and policies of the socialists. However, Castro also engaged in policies and practices that frustrated revolutionaries throughout the world.

For example, after initially condemning Soviet tanks in Czechoslovakia in 1968 (arguing socialists don’t invade socialist states), Castro backed down. As well, Castro agreed not to support radicals and leftist guerrillas in Mexico in return for diplomatic recognition from Mexico.

On another level, Castro demonstrated he understood the capitalist money game when he allowed Cuba to play treasurer for Argentina’s infamous leftist revolutionaries, the Montoneros. After kidnapping the heirs to one of the world’s largest agriculture firms in 1974, the Montoneros were able to extort at least $64 million in cash. But they needed a place to store the money. After floating the money around European banks, they decided to place the money with a trusted and impartial player, Cuba.

Castro determined that the safest and most profitable place to hold the money was in New York banks. For a moment, forget the irony of U.S. banks holding funds for Latin American leftists committed to revolution. Instead, concentrate on the pragmatism demonstrated by Fidel Castro to use U.S. banks to manage money.

In the end, Castro’s political acumen goes a long way in helping us understand how he thwarted CIA-led assassination and coup attempts, avoided murder at the hands of frustrated leftists, and never experienced serious threats to his rule at home.

Working through his 10th U.S. president, whether we appreciate it or not, Fidel Castro has become a legendary figure in Latin America and around the world by doing more than hiding behind a façade of flowery rhetoric and indulgent dictatorship. Castro’s real legacy lies in instilling Cubans with the sense they no longer have to bend to the demands of the U.S.

Castro’s ghost will forever remind Cubans of this. And this is what will drive post-Castro Cuba and, more than anything else, will frustrate those in Washington who declared last week that the U.S. will again be directing things in Cuba when Castro is gone.