Potemkin wrote:Perhaps because Cuba isn’t China?
I will have you know I was interested in this precise question and read a magazine in Spanish that answers it. It is a very interesting assessment and scientific.
They said market socialism works well in Vietnam and in China and that for
ideological reasons Cuba refuses to change. But, they predict they will adopt something very similar to Vietnam but the US has to lift the trade embargo and the Cuban peso has to have international acceptance. The Mexican banks would like that to happen because trading with Cuba without being sanctioned harshly by the USA would enhance Mexican market trading with Cuba greatly and probably just with Mexico having their hands freed would lift Cuba out of economic problems. It is mainly a combination of stubborn Cuban embedded corrupt leadership that is impeding progress due to being used to a very restrictive system, and the USA wanting to dominate everything in Latin America. If Cuba pushes forward with a market style successful socialism model like the Socialist Republic of Vietnam has right now? Then almost every other smaller nation with bad capitalism economies like Haiti, DR, and most of Central America will want something similar. So the USA has to crush it.
The answer is for the PRC to get a lot more powerful in the region and outpace the deals of the USA banks and elite. Once that happens? Cuba might give up on pragmatic grounds.
I am a pragmatist in economics. You have to have people working for a living wage, being able to eat well, and have access to medical supplies, drugs, and treatment and you need decent housing and you can paint your house, buy supplies at the hardware store and you need a market that WORKS. You can't have to wait around for some coffee for 4 hours in line and never have any access to anything because it is all in some CUC currency. Or foreign currency. It is a pain in the ass for the people living there.
I will be back with that fascinating article because the ones who wrote it are all hard-left intellectuals in Mexico. Be back later.