Category: Economics

We reproduce this article, despite our disagreements with its conclusions about “Cuban socialism,” for its insights and research into Che Guevara’s economic thought. – ML Currents Editorial Board. by Helen Yaffe In January 1962 Guevara told colleagues in Cuba’s Ministry of Industries (MININD): “In no way am I saying that financial autonomy of the enterprise with moral incentives, as it is established in the socialist countries, is a formula which will impede progress to socialism.” [1] He was referring to the economic management system applied in the Soviet bloc, known in Cuba as the Auto-Financing System (AFS). By 1966, in his…

by Rafael Martinez Che Guevara is widely known to the world as the romantic-idealist revolutionary. The economic thought of Che Guevara has not really been widely publicised as the Argentinean born revolutionary is commonly known for his works on the guerrilla warfare, whose underlying idealist and voluntarist approaches to the struggle of the oppressed masses against capitalism and imperialism have been exposed and rejected altogether by the Marxist-Leninists. It is most appropriate, however, to pay special attention to Guevara’s economic works, as his contribution to the economic transformation of Cuba during the early stages of the revolutionary process was central…