Communism bad for business — in Cuba

I know this comes as a surprise, but were you aware that communism is bad for business? That was the word from the Cuban government as reported Monday by the Associated Press.

President Raul Castro himself has said “about one in five Cuban workers may be redundant” and the island nation is going to have to trim its bloated work force, AP reported.

“Without people feeling the need to work to make a living, sheltered by state regulations that are excessively paternalistic and irrational, we will never stimulate a love for work,” Castro said.

Wow! What’s next from Raul — capitalism isn’t so bad after all?

Read the full AP story here.