"Back in 2014, I compared the long-run economic performance of Cuba and Hong Kong.
Both jurisdictions were roughly equal about 60 years ago.
Both jurisdictions were roughly equal about 60 years ago.
But the data show a dramatic performance gap ever since the communists took power in Cuba,
with Hong Kong (which was very pro-market back then) enjoying much bigger increases in prosperity.
Sadly, not much has changed in Cuba since I wrote that column.
The communist dictatorship is still there, and the economy is still socialist (notwithstanding even Castro admitting its failure).
And this means ongoing misery for ordinary people.
Here are some excerpts from a story published by Agence France-Presse.
Cubans are no strangers to queuing for everything from bread to toothpaste, often standing for hours under a blazing sun with no access to a toilet or drinking water, and always with the fear of leaving empty-handed.
with Hong Kong (which was very pro-market back then) enjoying much bigger increases in prosperity.Sadly, not much has changed in Cuba since I wrote that column.
The communist dictatorship is still there, and the economy is still socialist (notwithstanding even Castro admitting its failure).
And this means ongoing misery for ordinary people.
Here are some excerpts from a story published by Agence France-Presse.
Cubans are no strangers to queuing for everything from bread to toothpaste, often standing for hours under a blazing sun with no access to a toilet or drinking water, and always with the fear of leaving empty-handed.
It is a daily ordeal Cubans have endured for about 60 years of communist rule…Read all.
No comments:
Post a Comment