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Taiwan’s Wealth Shows Cuba’s Poverty Is the Result of Socialism, Not a Blockade

by JD Rucker
September 29, 2021
Z-Flu

Click here to view original web page at fee.org

Cuba and Taiwan began the ’70s with similar economies, but today the GDP of the Caribbean island is five times less than that of Taiwan. For decades the Communist Party of Cuba has blamed the United States for Cuba’s misery and poverty, alluding to the “blockade” that the U.S. maintains against Cuba. However, the alleged blockade wielded by the island is in reality a trade embargo that only makes it impossible for people and companies in certain sectors within the United States to do business with Cuba, the rest of the world can trade freely with the island.

Even the United States annually exports about $277 million in goods to Cuba despite the trade embargo, a majority of these exports are foodstuffs.

In addition, despite the establishment of a dictatorial regime in Cuba that has been in power for more than 60 years without any kind of alternation, elections or basic freedoms, the whole world recognizes the communist authorities and Cuba has a presence in all multilateral international organizations, the main one being the United Nations.

Bath Robes

Then there is Taiwan, which has characteristics very similar to those of Cuba, since it is also an island that is close to one of the two world powers—China. In the case of the authorities of Taipei they have been completely blocked by the Asian giant, since China claims sovereignty over the island.

Taiwan is recognized by only a dozen nations around the world, has no representation in the United Nations, and its official name cannot even be pronounced at any international event: be it an Olympic Games, a United Nations General Assembly, or even by the embassies of most countries in the world—including the United States. And yet, despite all these difficulties, today Taiwan’s economy is one of the most important in the world, with a poverty rate of 0.7%, as opposed to Cuba, which has one of the most depressed economies on the planet and 90% of its population living in poverty. What is the difference between the two islands? The economic and political model they applied in their nations. Two Islands With Similar Histories […]

Click here to view original web page at fee.org



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