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Posted on: October 15th, 2007
Filed Under: [ Business ] [ Hispanic News ] [ Tomás' Picks ] [ Non-US News ]
Tags: Cuba, Cuban
“Shortly after the revolution, as Fidel Castro was wounding up one of his many long speeches to a large throng of supporters in Havana, he asked: “Are there any economists here?” Ernesto “Che” Guevara raised his hand and Fidel immediately proclaimed: “Comrade Che, you are the new president of Cuba’s National Bank!’ After the meeting, Fidel sought out Che and said: “Che, I didn’t know you were an economist?”. Che looked shocked and then muttered: “Economist? I thought you said Communist!”
So goes an old Cuban joke to illustrate part of the reason why Cuba’s economy went into a dramatic free fall after Che, an Argentine-born radical physician, was named National Bank president in November 1959, succeeding Felipe Pazos, Castro’s first central bank president. “*
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