The First Secretary of the Central Committee of the Communist Party of Cuba and President of the Republic, Miguel Díaz-Canel attended Friday a panel of economists who recognized the validity of the thinking of historic leader Fidel Castro Ruz (1926-2016), who anticipated 40 years ago the current global economic and multifaceted crisis.
On the final day of the XIV International Meeting of Economists on Globalization and Development Problems, the validity of the book ‘The Economic and Social Crisis of the World’, conceived by Fidel from his Marxist thought, and published in 1983 in a complex context that already foreshadowed the worsening of the global economic order, was analyzed.
In assessing the content and validity of the ideas set forth in the text, Díaz-Canel said that they achieved an international mobilization based on the concept of the Commander in Chief that the battles against neocolonization are won with culture and knowledge, because in the socialist construction people must be distinguished by these two assets.
Researcher Faustino Covarrubias, from the Center for World Economy Studies, pointed out that the book provides enough weapons to understand that 40 years later, the structural crisis of capitalism has turned it into a giant casino where financial capital rules, with a very marked decline of the United States as hegemonic power.
Photo taken from Prensa Latina
He considered in his analysis that even the International Monetary Fund and the World Bank, accustomed to mask realities, have accepted and announced that what is to come in the next years is worse with global economic growths below two percent.
“Along with this forecast, a great stagflation is already looming, that is, inflation with low or no economic growth, another element that puts capitalism on the path to global crisis, which does not mean that it will fall under its own weight, if we do not knock it down,” warned the expert.
Covarrubias invited the progressive forces of the developing countries to intensify the struggle, because they are the usual victims, particularly those of Latin America, which has already lost two decades, and those of Africa, whose list of impoverished nations has grown significantly due to the current organic and multiple failures: economic, energy, food and environmental.
“Fidel foresaw in his book all those elements, and pointed out the failure of neoliberal policies, so that four decades later, unfortunately, the world economic crisis is not ancient history, it is a sadder and cruder reality in a world on the verge of a nuclear war”, the specialist said.
