Che Guevara, a leading comrade in the Cuban and world revolutionary movements of the 1950s and 1960s. Ernesto "Che" Guevara (June 14, 1928 - October 9, 1967), commonly known a
…s El Che or simply Che, was an Argentine Marxist revolutionary, physician, author, intellectual, guerrilla leader, diplomat, military theorist, and major figure of the Cuban Revolution. To Guevara, Soviet technological backwardness was a symptom of the stifling of socialist creative potential by trying to combine socialist planning at national level with capitalist management systems at enterprise level. In technical terms, the key issue was the use of the Auto-Financing System (AFS), promoted in Soviet manuals from the 1950s onwards, as against the Budgetary Finance System (BFS) favoured by Guevara. The AFS encouraged enterprise managers to maximise profits by using market mechanisms to determine prices, financing their own investments through credit and developing autonomous commercial relationships with other public enterprises with little regard for the national plan. His financial plan brought the Cuban Peso to the lowest levels and the low levels exists until today. (MORE)