“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/
Related posts:
NSA; The Not Secure Agency
Weed Warrior: Keith Stroup
FBI doesn't want to have to force tech companies to weaken encryption
Texas Family Fights For Freedom To Sell Pickles
Poll: Nearly One Third Of Americans Would Accept ‘TSA Body Cavity Search’ in Order to Fly
The Nightmare of Bitcoin Regulation - A Laundry List of Scenarios
‘How Money Walks’: Map shows cash fleeing states with high taxes
Amish leader sentenced to 15 years for beard-cutting 'hate crimes'
Lamassu: Bitcoin ATM Machine
DHS Warns Muslim Brotherhood and Iran Forming New “Terror Axis”
Sacramento Kings broadcast using Google Glass, accept Bitcoins
Peter Thiel & Founders Fund lead $2m funding round in BitPay
So Many People Are Fleeing the S.F. Bay Area, It's Hard to Find a U-Haul
Dutch man injects Bitcoin wallet NFC chips into his hands
National weather agency spared from furloughs after rash of tornadoes