World Watch
By

Portia Siegelbaum /

CNET/ February 9, 2009, 2:18 AM

Castro: $900B Stimulus Can't Fix Capitalism

(AP Photo/Paul White)
It's a safe bet that former Cuban President Fidel Castro will be watching television Monday evening as President Obama takes his campaign for a massive economic stimulus package to prime time. Castro already told us he closely watched every minute of Obama's inauguration.

In a column posted online Sunday night, Castro, who has written regularly about Obama and his team, also focuses on the economic issues confronting the White House.

"Obama, (White House Chief of Staff Rahm) Emanuel and all the brilliant politicians and economists who have gotten together, are not enough to solve the growing problems of U.S. capitalist society," declares Castro.

Castro, the 82-year-old whose socialist revolution has survived ten American Presidents, is a long-time critic of capitalism — the American brand in particular. In a column posted on the Web site cubadebate.cu last week, he accused Obama of planning to print "enormous sums of money" to keep America afloat.

In his latest remarks, Castro charges that "all the other people will have to pay for the colossal waste and guarantee, above all in the increasingly contaminated planet, American jobs and the profits of that country's big trans-nationals."

Castro alludes to his comments last week, that the U.S. "cannot satisfy its vital needs without the extraction of enormous material resources from a great number of countries."

In that same column he also expressed doubt that the new energy efficient cars manufactured in the U.S. would be able to "meet the geological demands to protect humanity from the growing deterioration of the environment"

Castro, who says he's devoted much of his time during the past two and a half years while recovering from illness to reading and writing, concludes that, "even if Kant, Plato and Aristotle were resuscitated and at the same time united with the late brilliant economist John Kenneth Galbraight, not even then would they be capable of resolving the increasingly more frequent and deep contradictions in the system."

Clearly, the former Cuban leader doesn't have much hope that the $827 billion stimulus package under consideration by the U.S. Senate will do the trick.
© 2009 CBS Interactive Inc.. All Rights Reserved.
10 Comments Add a Comment
linkicon reporticon emailicon
azgoldrush says:
Greetings!
Here is a vending machine with an out of order sign on it/ so we load it up w/ more money?!

YES; WE HAVE A HELL OF A LOT BETTER IDEA!!!!!!!

SO....
Go team!, and dont worry when the; BAILOUT?
plan for the economy fails (and it will).
We Got your back!
We got...

"PLAN B"

The honest to GOD only real plan that will guarantee a robust economy world wide. make most of the world happy, free up the teams to resolve other issues, make the world a better place to live and the best part is its always available if needed, and; the cost is a lot less than you have already spent!-ASK YOURSELF- what do you have to lose? gain?

AZ GOLDRUSH HAS A BETTER IDEA...
IF THEY WOULD JUST LISTEN...
THE WORLDS ECONOMY WOULD BE GREAT.

"az goldrush can fix the economy worldwide"!

fast,reasonable,guaranteed!
"PLAN B" ALSO CALLED "PUSH-PUSH"

THE ANSWER IS SIMPLE AND IS RIGHT IN FRONT OF YOU!!!
Gods speed
AZGOLDRUSH@YAHOO.COM
reply
linkicon reporticon emailicon
leeanna58 says:
Yes, and Castro knows what works, that is why Cubans still drive cars from the 1950''s. That is why many of Cuba''s former residents have risked life and limb and family members to cross the 90 mile stretch of water to south Miami. Tell me, are they desperately trying to go back now?
reply
linkicon reporticon emailicon
indamiddle says:
the stimulus package WILL WORK..if we keep that execssive DNC pork OUT of that package..

WE ARE ACTUALLY PAYING $900 BILLION dollars to buy consumer confidence back..THAT IS ALL..all it takes is for people to start spending money again..
reply
linkicon reporticon emailicon
clovernyc says:
Isn`t he dead yet? Geez.
reply
linkicon reporticon emailicon
choiceshaveconsequences says:
Well, I guess that''s that. Cuba''s "philosopher king" has spoken. Time for America to shut the door, put a padlock on it and turn out the lights. "When he aint a fool, he''s a tool." (Aristotle-Onasis, that is)
reply
linkicon reporticon emailicon
notblue says:
It is not Ironic that Castro sounds alot like the leftwing socialists that frequent these posts.
reply
linkicon reporticon emailicon
runningralph says:
Of course Fidel is correct. That''s why the stimulus should not be done. Increase budgets for roads and bridges, military, police, public schools, higher education, veterans benefits, etc. Let financial institutions crash. Do not start a new bureaucracy.
reply
linkicon reporticon emailicon
spinproof says:
Castro: $900B Stimulus Can''t Fix Capitalism

This comment from Castro is based on what? Experts from the successful Cuban economy? Sheesh ...
reply
linkicon reporticon emailicon
endurorob says:
I only have one comment to make here. Although I think the stimulus plan is a major mistake, what the hell does nut job Castroo know about capitalism?
reply
linkicon reporticon emailicon
libsdusuck says:
Castro can read?
reply
Scroll Left Scroll Right