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Cuba in the Red

Published online by Cambridge University Press:  06 September 2018

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Extract

[H]as not Batista jeopardized the credit of the country for 30 years? Has not the public debt increased to more than 800 million pesos? Is there not a deficit of more than 100 million? Are not the monetary reserves of the nation pledged to foreign banks in a desperate search for money? Were not 350 million pesos of the most recent loan wasted on the purchase of jet planes and things of that nature, without plan or program, for no other reason than personal whim? Can one play in this manner with the destiny of a nation ? Did anyone authorize him to undertake these insane credit ventures? Did he consult the people in any way?…It is for us more than anyone else to be concerned because we and future generations will have to pay the terrible consequences of that corrupt and unchecked policy.

—Fidel Castro, Manifesto No. 1 to the People of Cuba, August 8, 1955

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Articles
Copyright
Copyright © Carnegie Council for Ethics in International Affairs 1983

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