“Capitalism is using its money; we socialists throw it away.”
- August 13, 1926 – November 25, 2016
- Cuban
- Revolutionary, Prime Minister and President of Cuba, Communist Leader
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Quote
“Capitalism is using its money; we socialists throw it away.”
Explanation
This quote is a strikingly candid and ironic critique from Fidel Castro, reflecting on the economic inefficiencies or contradictions within socialist systems. By stating that “capitalism is using its money,” he acknowledges that capitalist economies often emphasize profit maximization, investment efficiency, and financial discipline. The follow-up—“we socialists throw it away”—is a rare admission of waste, mismanagement, or idealistic spending that can occur under socialism, particularly when economic planning is detached from practical outcomes.
The historical context behind this quote likely stems from Cuba’s economic struggles following the revolution, especially after the loss of Soviet support in the 1990s. Castro, though a committed socialist, was known to reflect critically on the weaknesses of the system he helped build, especially regarding bureaucracy, overcentralization, and the misallocation of resources. This remark may also have been made with a degree of sarcasm, as a way to provoke introspection within the socialist bloc.
In modern terms, the quote remains relevant as a challenge to both economic systems. It invites socialists to confront their own inefficiencies honestly, while reminding capitalists that efficiency alone is not justice. It underlines the importance of balancing ideology with pragmatism, and suggests that sincere self-criticism is necessary for any movement seeking long-term success and credibility.
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