Liberty is generally defined as the freedom for people to do what they want to do, also limited government that places few restrictions on individual’s freedom. Americans believe in individualism, where citizens are responsible for their own lives, as well as protecting private property. This approach in the American economy promotes competition that is essential to a thriving economy because it creates innovation and improvement to products and services. In Cuba’s socialist system the government is the company for which everyone works, everything is jointly owned and the government controls the economy (Gott, 2005). In the socialist economy private property is eliminated with limited exception, individuals can inherit houses but not sell them (Abrahams&Lopez-Levy, 2011). The government distributes produced wealth according to the need of the people. Each Cuban citizen has a monthly ration of seven pounds of rice, a pound of beans, half a bottle of cooking oil, one bread load daily and small quantities of poultry (Abrahams&Lopez-Levy, 2011). Health care and education is paid for by the government unlike the United States were students have to pay for post secondary education. The goal of the country is to eliminate greed and promote people to work for common good, however corruption exists largely in the
Liberty is generally defined as the freedom for people to do what they want to do, also limited government that places few restrictions on individual’s freedom. Americans believe in individualism, where citizens are responsible for their own lives, as well as protecting private property. This approach in the American economy promotes competition that is essential to a thriving economy because it creates innovation and improvement to products and services. In Cuba’s socialist system the government is the company for which everyone works, everything is jointly owned and the government controls the economy (Gott, 2005). In the socialist economy private property is eliminated with limited exception, individuals can inherit houses but not sell them (Abrahams&Lopez-Levy, 2011). The government distributes produced wealth according to the need of the people. Each Cuban citizen has a monthly ration of seven pounds of rice, a pound of beans, half a bottle of cooking oil, one bread load daily and small quantities of poultry (Abrahams&Lopez-Levy, 2011). Health care and education is paid for by the government unlike the United States were students have to pay for post secondary education. The goal of the country is to eliminate greed and promote people to work for common good, however corruption exists largely in the