I’d Rather Have a Stuffy Nose

If you know Spanish, watch the video: https://www.facebook.com/watch/?v=873589819731339

The woman in the video and still image above, Lola, provides a moving soliloquy regarding the ongoing pandemic. She opens with the realization that “common sense” is not as common as we think. She goes on to say that those who have common sense are worthy of admiration because it’s so hard to find these days. 

Her sarcastic tone is about the absurd claims being made by Cubans on the island regarding the COVID-19 pandemic. They will make claims like, “Your president (Donald Trump) is setting up dump trucks outside all of the hospitals because so many people are have died. Your health system can’t handle all the sick and dying!” Solicitously, these folks ask, “Are you doing OK in those grim conditions?”

Uh, what?

Yes, we are in a health crisis. Many people are dying. There are a ton of old and sick people not only in the US but in the whole world. We’re in a scary situation. 

However, the concern over the well-being of friends and family members in the US amid the crisis is misplaced. Despite the health care system’s current state of over-capacity, it beats out Cuba’s system by much more than a longshot. The health crisis of the US emerged quickly and is most likely short-lived. Hospitals are immaculately clean, have staff who are well-trained, and are, during normal times, filled with the resources necessary to address virtually any health issue effectively.

Besides, folks in the US have the capacity to actually assist the health system. We have easy-access to masks, hand sanitizer, and a multitude of goods necessary to combat the pandemic and overcome the lockdowns with ease.

Not in Cuba. 

Cubans are stuffed in a multi-generational household because nobody has the means to buy a house of their own. Your home is also falling apart because there are no tools or supplies to repair anything. If you are one of the lucky few to have a car, it’s at least 40 years old, and there’s no gasoline to fill it up. Going to a grocery store is out of the question as there are none. Before, during, and after the crisis, you will continue to wait in line for your scant ration of essentials each month. 

In the US, we can take $50 to the store and buy whatever we need or–wait for it–want. Gasp! Plenty of stores are open during a pandemic with people buying more toilet paper than they need and all the food they could possibly hoard in their modern refrigerators. Not to mention, Amazon and the many other online retailers that will deliver virtually any product we need to our doorstep. 

Allow us, citizens of developed countries, to take the punch on this one. We are doing alright during this crisis. But how about Cubans? 

Hospitals in Cuba would not even come close to passing a regulatory audit performed by the Department of Health and Human Services, let alone during a pandemic. Cuban hospitals are short of countless resources. Well-trained doctors are limited continuously in their ability to treat patients because of the conditions of their clinics. Cuba is not a great place to live, as evidenced by the swaths of people escaping by any means available. 

For more than 60 years, Cubans have been enduring a crisis. Many of them are oblivious to this reality due to the stringent control the government has over the Cuban media. But, many of them stubbornly perpetuate Cuban propaganda, knowing otherwise. 

I witnessed this bizarreness when I met extended family members visiting from Cuba. They matter-of-factly say to me, “Oh, well I don’t have to buy a house, like you guys. My government provides a house for me,” and other ridiculous claims. They’ll be amazed when walking into a grocery store, visiting Disney World, or hopping into a nice car to go anywhere, and still speak of Castro as if he was a god. 

They exalt the ideology and glorify the very leaders that have kept them in this relative misery for decades. And, this is what brings the woman to tears. Not only are Cubans thoroughly brainwashed, but they are also afraid to say, “We were wrong. This life does suck. Socialism doesn’t work.”

However, this behavior is not all that surprising. The cost of speaking out against the government in Cuba is still very high. Whenever a Cuban dissident makes a little noise, they disappear. The exchange of ideas is not allowed, especially if those ideas are in any way a threat to socialism. 

This post is a message of gratitude toward the political and economic institutions of the US. And, a reminder that “common sense” is not as common as we believe. It’s not only a rarity in Cuba where it is actively suppressed but increasingly uncommon among Americans, where free-speech is a pillar of the society. 

The COVID-19 pandemic is being used as a weapon to push the US closer to the Cuban way of life. The current health crisis is “proof” that our healthcare system requires some drastic reform. Folks are calling for the immediate adoption of socialist policies like “Covidcare for All,” a public job security program, and universal basic income. Moreover, “tax the wealthy!” of their “excess profits” that are to be arbitrarily decided by the state. 

If we desire for poverty to be eradicated, and standards of living to increase for everyone, policies that move us closer to socialism are not the way to go. This was common sense, even if we skipped out on political economy 101. Our parents knew it. The Chinese know it, for crying out loud! 

But, it seems like we have forgotten.  So, as a reminder, take Lola’s words to heart: “If in the US you come down with a stuffy nose, in Cuba, you’re getting pneumonia.” 

Maxing Out: The Value of College

By Clayton Dines (Creighton University)

Once upon a time, college was considered a guaranteed ticket to career success. But these days, many college graduates enter the real world with a degree in one hand and a massive amount of student loan debt weighing them down in the other. A college degree can be a great tool for career advancement but it comes at a very high cost – tuition, time, (and for some) your mental sanity. So in this post, I ask the very important question: is a college education worth the investment? Continue reading “Maxing Out: The Value of College”

Do Financial Regulations Decrease Financial Literacy?

Ask the average person about her smartphone, and the odds are better than even that she’ll be able to recite the make, model, and salient features such as battery life and camera quality. She may even be in a position to rank the phone relative to other handsets and to make a recommendation as to whether it offers good value for money. Continue reading “Do Financial Regulations Decrease Financial Literacy?”

Bernie Sanders is Angry About Deodorant and Sneakers

During the height of the Democratic primary season in 2016, Senator Bernie Sanders made news by lamenting “You don’t necessarily need the choice of 23 underarm spray deodorants or 18 different pairs of sneakers when children are hungry in this county.” Bernie asks an interesting economic question – why do we have so many choices between products that are essentially the same thing? Paul Krugman won the Nobel Prize in 2008 in part for answering this question. Continue reading “Bernie Sanders is Angry About Deodorant and Sneakers”

Slow-Boiled By Good Intentions

In case you didn’t know, we surpassed the $20 trillion mark in debt. Like many recent college grads or new homeowners, the United States has piled on more debt than what it brings in every year. In fact, the government debt is larger than the amount of goods and services we produce in a year! In 2016, the Gross Domestic Product, or GDP for the U.S. was around $18 trillion; $2 trillion less than the total debt. Continue reading “Slow-Boiled By Good Intentions”

Minneapolis May Experience An Uglier Minimum-Wage Fiasco Than Seattle

Minneapolis recently decided to jump on the minimum-wage bandwagon. This bandwagon is led by the “fight for $15” activists who are attempting to increase the minimum wage to $15 per hour for the entire country. Since a blanket minimum wage increase at the federal level is not possible, they are going to localities instead. Continue reading “Minneapolis May Experience An Uglier Minimum-Wage Fiasco Than Seattle”

Winter is Coming. Become Antifragile.

Antifragility is key to navigating the seemingly political and economic winter that is coming. As the wise Jon Snow — of Game of Thrones fame — would say, winter is coming and we know what’s coming with it: robots, shorter work weeks and substantial labor force disruptions. We can either sit around and wait or learn to live with the wildlings and diversify our income streams. Continue reading “Winter is Coming. Become Antifragile.”