Hacker News new | past | comments | ask | show | jobs | submit login

> Most shortages seem to be due to economic sanctions and trade embargoes.

Not really. Cuba is free to trade with any country that's not the USA (and is even free to trade with the USA except for certain entities or commodities).

Decades of corruption, incompetence, brain drain and failed government made the local economy unable to compete.




>Not really.

A country of 11m people loses an estimated $3+ billion per year from various UN condemned restrictions.

Are you saying that causes no shortages? That's not a trivial sum of money (~$300 per capita).


~$300 per capita would be nothing in Switzerland ($92,434) or in America ($75,180). But it's a lot in Cuba ($9,500) simply because the government did mess up the economy so bad.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: