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But the Entire Rest Of The World's GDP beats the US handily. Significantly- since someone mentioned a "glut of goods"- China trades with Cuba. All of Europe trades with Cuba and, as mentioned, the EU has a GDP almost identical to the US.
It is FARCICAL to claim that the US embargo significantly hurts Cuba's economy. Communism hurts Cuba's economy, not the US embargo. The US State Department's own analysis admits this! This is actually one more reason to stop the embargo- it doesn't work, it's pointless. And, as mentioned, it gives the Castro dictatorship a rallying cry. Ending it would remove the embargo as an false excuse for the poor state of Cuba's economy- when it becomes obvious that the problem is simply their government's policies rather than some Americano boogeyman then perhaps the Cuban people will throw the bastards out. But trying to make the US out as some sort of bad guy for economically hurting the poor Cubans is disingenuous, Dave. Even with the embargo the US is the world's fifth largest exporter to Cuba!
It's also worth noting that the original embargo wasn't placed until two years after the Communists came to power- when they nationalized the property of Americans. It was retaliatory, not preemptory. It's also an EMBARGO and not a BLOCKADE as the Cubans and their apologists (e.g. Chavez) insist upon calling it.
But that was all long ago and we could effect much more political and economic change by ending the embargo and going in with our checkbooks blazing.
I mean- can you imagine the market for resort property? It boggles the mind. That's assuming, of course, that the Cuban government would even allow outside investment and property acquisition on that scale- which seems doubtful. They're pretty determined to stay backward, at least until the old guard revolutionaries die off. They just want us to buy their sugar.
Edited by acrosome on 02/12/2013 16:22:26 MST.
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