Socialism Expert Discusses Cuba, U.S. Economies at School of Business Event

How does the Cuban economy differ from the United States?

That was the question of the hour during the latest BB&T Free Market Speaker Series event put on by the Center for Public Choice and Market Process. The lecture featured Bill Trumbull, Ph.D., a professor of Economics at The Citadel and an authority on socialist and post-socialist economies.

The event, which dove into the complexities of the Cuban economy, incorporated Trumbull’s firsthand experiences in Cuba — where he takes his students on a 10-day fieldtrip each year.

Will McEwen ’20, one of the Center’s scholars, found the talk to be “thoroughly engaging” and pertinent to the discussion that is currently taking place about socialist economies.

Another scholar, Rachel Bradley ‘19, felt that the talk heightened her understanding of the Cuban economy and left her “more interested in the political factors behind the rise of [socialism] in Cuba and other nations.”

The BB&T lecture was hosted in conjunction with the College of Charleston’s Cuba on the Horizon program. An interdisciplinary initiative, Cuba on the Horizon investigates the relationship between the U.S. and Cuba and explores the rich history and culture of the Caribbean island nation.

About the Center for Public Choice & Market Process
The Center for Public Choice & Market Process was created in 2015 following the growth in programming of the Initiative for Public Choice and Market Process, which was founded in the fall of 2008. The Center advances the understanding of the economic, political and moral foundations of a free market society. The Center supports the growth and development of teaching and research at the College of Charleston School of Business while engaging students and the Charleston community. Visit the Center’s website or Facebook page, or contact Peter Calcagno, Center director, at or 843-953-4279 to learn more about events, programs, and funding opportunities.


Center for Public Choice to Host Victims of Communism Memorial Foundation Executive Director as Guest Lecturer

The College of Charleston School of Business Center for Public Choice and Market Process is partnering with the College’s Russian Club for a joint discussion on communism led by the executive director of The Victims of Communism Memorial Foundation (VCMF), Marion Smith.

Executive director of VCMF, Marion Smith

The Victims of Communism Memorial Foundation focuses its efforts on eradicating and combatting communism through educating the public about the history of its ideology.

Smith, a South Carolina native and chairman of The National Civic Art Society, is also president of the Common Sense Society (CSS). With a multinational presence in the United States and several European countries, the non-partisan organization strives to promote reasoned dialogue, rather than polarizing, politically charged debates.

You can find several of Smith’s articles in USA Today, The Hill, The Washington Post, The National Review, The Weekly Standard and many other publications.

Smith attributes more than political polarization to the skewed ideology of communism. One in five people are still living under communist regimes, and over the past 100 years, the social system has claimed more than one hundred million victims – one fifth of the world’s population.

During the lecture, Smith will focus on the threat communism poses to the very premise of democracy in the Western world and beyond. He believes the ideology is an attack on humanity, proven time after time to be counterproductive in all spheres of social, economic and cultural life.

To join in on the discussion, head over to Tate Center, Room 202, on October 19 at 5:30 p.m., in the School of Business.