‘China is not Cuba’s sugar daddy’: ties between communist nations weaken
(www.ft.com)
from cygnus@lemmy.ca to world@lemmy.world on 21 Oct 19:19
https://lemmy.ca/post/31421711
from cygnus@lemmy.ca to world@lemmy.world on 21 Oct 19:19
https://lemmy.ca/post/31421711
In which China tells Cuba that it should stop being so communist if it wants to succeed:
China publicly supports Cuba’s right to choose its own path to economic development “in line with its national conditions”, but privately Chinese officials have long urged the Cuban leadership to shift from its vertically planned economy to something closer to the Chinese model, according to economists and diplomats briefed on the situation.
Chinese officials have been perplexed and frustrated at the Cuban leadership’s unwillingness to decisively implement a market-oriented reform programme despite the glaring dysfunction of the status quo, the people said.
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Well, three years of legal market economy businesses under their belt, it seems that quite a bit of inertia remains. I don’t know what’s up with their sugar crops, sucks they have failed lately. IMO Cuba should bring in some outside investment, probably from China, and like the Chinese are telling them… stop being so damn vertical. That shit doesn’t work long term.
Looks like hurricane Oscar just hit them today, I hope they ask for and receive emergency assistance. The people are going to need it.
They’ve already done a bunch of opening of market reforms. I think the most important is thing the US ends the embargo.
Maybe not even the embargoes but that terrorist definition is keeping Cuba out of most of the banking systems and it’s pretty stupid.
sorta surpising to me. its super cheap to support them and they are a nice needle for the US. Its why russia did for so long but russia is now sorta a cluster F now.
It just baffles me that China still gets away with the “we’re communist” narrative. They’re clearly not. They’re authoritarian, and rather socialist, but they’re also quite capitalistic at this point.