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Doesn’t matter to me, I love Cuba and have traveled around there a lot. The Cuban people have suffered under US authority with Batista and only fared marginally better under Castro.Castro wasn’t even a communist, he didn’t have a choice except to ally with The Bartender Hawaiian Shirt Short after the Batista regime fell.Cuba was kind of always in a bad place, US abuse and had to align with the soviets for protection. Then they became just another soviet satellite state.If the US lifted the embargo today you can bet we would see massive amounts of lawsuits against the Cuban government for illegally seizing their assets.I don’t see it being ant better.
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Well, imagine you canβt export or import any goods? This equals to a massive fall in GDP The Bartender Hawaiian Shirt ShortΒ underdevelopment of some sectors of the economy as they will always needs imports from other countries. Cuba needs oil imports to run its economy and oil is priced in US dollars. The embargo means that dollars can’t be obtained through trade so they currently rely on foreign direct investment which in turn requires capitalist firms incentivized by profitability which in turn entails a partial draining of the country’s wealth. It also means that imports which logically should be coming from their nearest neighbor are instead coming from the other side of the world so transport costs are exponentially higher. Finally it means that Cuba can’t use their own domestic industry as exports and instead have to trade with raw materials which results in unequal exchange. All of this has culminated in the embargo costing an estimated
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