Cuban trade with the USSR was really interesting. The trade agreement between Cuba and Comecon was not set by the exchange values of the goods involved but by the equivalence of labour time. This meant commodities produced in one hour of Cuban labour-time were exchanged >
for commodities produced in one hour of Soviet labour-time. This affirmed the universal dignity of humans, but it also directly attacked the imperialist strategy of uneven exchange by which cheap labour in underdeveloped countries is superexploited.
This manifested as trade terms which massively favoured Cuba and this helped the country to not only survive the US blockade, but also begin its slow climb up from the colonial immiseration the Spanish and US occupiers had forced on it.
It also shows us that the Soviet economy was not just nominally but also functionally distinct from the capitalist nations. No comparison can be made between them.
My source for this is chapter 7 of John Smith's book Imperialism in the Twenty-first Century, which combines Cuban-USSR trade data, the two Cuban-Comecon trade deals, and a number of Castro's quotes about Cuba's trade with the Soviet Union.
To clarify a point I see some people misunderstanding: the remarkable thing is not that the Soviet Union paid Cuba in terms of hours worked. Actually, all of us are paid according to the amount of socially-necessary labour time we do.
What was remarkable about was that the USSR paid Cuba one hour of Soviet commodities for one hour of Cuban commodities, even though an hour of Cuban labour time produced far fewer commodities. The USSR ignored the difference in value between a Soviet and Cuban labour hour.
This spits on imperialist trade today, which depends entirely on leveraging the differences in the value of labour-power in order to extract superprofits from poor countries. The US pays a fraction of an hour of US goods for an hour of Bangladeshi goods, for example.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Emmy 2 Dope

Emmy 2 Dope Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @cannibality

19 Jul
I got mad about the snakes at the NZ Police Association calling for easier access to firearms so I slapped out a press release. We have literally already had this conversation, in 2020, and decided it was a racist and shit idea.
anyway if you're a journalist it would be cool and fun of you to call me about this move, which is totally unsafe and unnecessary and would require the Crown to utterly violate its Tiriti obligation of protection.
I'm still waiting for my OIA request, but from 2014-2019 incidence of firearm crime was both absolutely and relatively stable at a very low level. 1% of crime involves firearms and that did not change for the entire reporting period.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(