Cuba’s robust approach to bankers’ pay

Havana, Cuba seems an oddly appropriate place to be hearing the unsurprising renewed furore over bank bonuses in state-helped banks.

I’m holidaying here, but there’s much to remind of home.

All the banks are nationalised too, and there’s a state-run healthcare system that seems to bring out a certain type of American in a peculiar rash, whilst being wildly appreciated in the country itself.

Of course there is a more robust approach to bankers’ pay in Havana. They’re all paid the same.

At the one of the arts centres displaying 50 years of kitsch revolutionary design, there are pamphlets about how the world financial crisis will lead to the inevitable return of socialism in the United States.

Fidel Castro has long predicted that socialism would return to the US before his Cuban revolution was defeated.