“Castro’s dream for Cuba turned into a nightmare in the early 1990s with the collapse of the Soviet Union and the liberation of Eastern Europe.  Cuba’s GDP plunged at least 35% in two years.  The Cuban crisis caused its leaders to do some soul searching: how do they adhere to the goals of The Revolution without the subsidies that were masking the inherent flaws of its collectivist experiment.  Without the infrastructure—economic, financial, legal, and social institutions to deliver the goods and services to the people–Cuba has slowly been transforming itself into a mixed economy a la the United States and the rest of the developed nations of the world.”

http://murraysabrin.com/uncategorized/cuba-part-two-the-economy-2/

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy