Please, Not Fidel Castro’s Fortune Again!
By Pascual Serrano. Translated from Spanish for Axis of Logic by Barbara Maseda and revised by Nancy Almendras, Tlaxcala*
May 15, 2006, 14:46
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Forbes magazine says that he has a 900 million dollar fortune. Let’s see how they calculated it.
Once again Forbes magazine has included the Cuban president in the list of what they call the richest “kings, queens and dictators." Of course, all the media enthusiastically echoed this information, released every year.
If we search in Google News, we’ll see that more than a hundred websites report, not on the list of millionaire rulers, but on Fidel Castro’s presence in the list, despite his position is not the first one, but the seventh. One can presume that if the Cuban president would not be in this inventory, the wealth of these people wouldn’t be breaking news.
The magazine reports that Castro’s fortune reached 900 million dollars this year, almost double the 550 millions in 2005. But the most important is to see how Forbes calculated Castro's money. In the website they explained: "For another controversial dictator, Fidel Castro, we assume he has economic control over a web of state-owned companies, including El Palacio de Convenciones, a convention center near Havana; Cimex, retail conglomerate; and Medicuba, which sells vaccines and other pharmaceuticals produced in Cuba.".[1] Of course the president of Cuba has the control of the governmental companies, just like in every other country. But this time Forbes has varied its last year thesis, when they claimed that the companies were owned by Castro.
It continues: "Former Cuban officials insist Castro, who travels exclusively in a fleet of black Mercedes, has skimmed profits from these outfits for years." All the Cubans know that Castro rides in a twenty-year-old black Mercedes, accompanied by cars of his guard, like the rest of the presidents, especially those that the US has attempted to assassinate. In most of the countries all the ministers and many managers have a Mercedes, and quite less old than Castro’s.
The reasoning about former officials saying that he "has skimmed profits from these outfits" as evidence of his wealth, is a worthless empty argument. His “fortune” certain
www.axisoflogic.info
By Pascual Serrano. Translated from Spanish for Axis of Logic by Barbara Maseda and revised by Nancy Almendras, Tlaxcala*
May 15, 2006, 14:46
Email this article Printer friendly page
Forbes magazine says that he has a 900 million dollar fortune. Let’s see how they calculated it.
Once again Forbes magazine has included the Cuban president in the list of what they call the richest “kings, queens and dictators." Of course, all the media enthusiastically echoed this information, released every year.
If we search in Google News, we’ll see that more than a hundred websites report, not on the list of millionaire rulers, but on Fidel Castro’s presence in the list, despite his position is not the first one, but the seventh. One can presume that if the Cuban president would not be in this inventory, the wealth of these people wouldn’t be breaking news.
The magazine reports that Castro’s fortune reached 900 million dollars this year, almost double the 550 millions in 2005. But the most important is to see how Forbes calculated Castro's money. In the website they explained: "For another controversial dictator, Fidel Castro, we assume he has economic control over a web of state-owned companies, including El Palacio de Convenciones, a convention center near Havana; Cimex, retail conglomerate; and Medicuba, which sells vaccines and other pharmaceuticals produced in Cuba.".[1] Of course the president of Cuba has the control of the governmental companies, just like in every other country. But this time Forbes has varied its last year thesis, when they claimed that the companies were owned by Castro.
It continues: "Former Cuban officials insist Castro, who travels exclusively in a fleet of black Mercedes, has skimmed profits from these outfits for years." All the Cubans know that Castro rides in a twenty-year-old black Mercedes, accompanied by cars of his guard, like the rest of the presidents, especially those that the US has attempted to assassinate. In most of the countries all the ministers and many managers have a Mercedes, and quite less old than Castro’s.
The reasoning about former officials saying that he "has skimmed profits from these outfits" as evidence of his wealth, is a worthless empty argument. His “fortune” certain
www.axisoflogic.info
