Do Not Forget Cuba

Do Not Forget Cuba
An antique American-made automobile is parked in the old part of Havana, Cuba, on Aug. 14, 2015. Chip Somodevilla/Getty Images
Daniel Lacalle
Updated:
It’s easy to forget about Cuba. It’s there. It doesn’t bother anyone. However, it still serves as the best example of why communism doesn’t work and will never work.
An international consortium recently had to bail out Cuba with a credit line of $9.6 billion and by forgiving some of its debts. The cancellation of the regime’s debt by some countries, unfortunately, has not helped to promote freedom and democracy, but instead has perpetuated the dictatorship.
Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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