The human being is a value higher than capital.
The world has demonstrated that ‘non-capitalism’ does not survive for long as an economic system: society must have motivation, it must have private enterprise.
Government should intervene and should play its role not only in ensuring the interests of the private sector, because there are things that cannot be resolved without the state: protection of the environment, climate change.
Government should create joint stock companies so that all shareholders should consider themselves as players in the economy.
If the market conditions are such they have to pay over the top to get the best people for those jobs, then I think it should be done, as that will automatically create more value for the shareholders, the whole of society and the economy will benefit.
It’s much easier to manage the situation and to avoid a high level of inequality if there is atomized capital distribution between the entities.
The future does not belong to state capitalism but, to some extent, to the strengthening of regulation, which could be successful or unsuccessful, which is an open question.
We shouldn’t argue that the state, the government should play a very important role in the economy. It should be a regulator and maybe sometimes it should be even be more active. In Cuba, we have our own experience and we do not want to create state capitalism. We are aiming for socialism where the state should play an important role and the government should be present everywhere.
We live in an open mobile space and we should find a balance and an opportunity for the state to take part in regulating, to provide reasonable support for particular sectors that are especially promising or relevant for the country’s economy.
The state should determine for itself its priorities in economies that are important at the moment and try to support them.
In partnership with Ulmart
In partnership with Egorov Puginsky Afanasiev & Partners
In partnership with P&G