Commentary

One rich revolutionary

It’s tough to be a champion of the proletariat when you’re on Forbes’ “world’s richest people” list:

Cuban President Fidel Castro has criticized Forbes magazine for the “infamy” of listing him among the world’s richest people, with a net worth of $550 million.

How does the 78 year-old dictator rake in all that dough?

The magazine said Castro derived his fortune from a web of state-owned companies that include retail conglomerate CIMEX, pharmaceutical company Medicuba and a convention center near Havana.

But according to a Cuban government press release:

“The revenues of Cuban state-run companies are used exclusively for the benefit of the people, to whom they belong …”

(Via Mises blog.)

Ted Balaker is an award-winning filmmaker, journalist, and founding partner of Korchula Productions, a film and new media production company devoted to making important ideas entertaining.