2015 June 18 Thursday
Cuba's Decaying Economy

Gail Tverberg has an interesting piece on her visit to Cuba. Keep in mind she links everything she writes about to Peak Oil.

We met one farmer who was growing rice, with the help of twenty workers he had hired. The farmer used land that he had leased for $0 per year from the government. He dried his rice on an underutilized two-lane public road. The rice covered one lane for many miles.

Cuba's credit rating is between Jamaica's and Puerto Rico's. Dominican Republic is above them all. Cuba has one quarter of the population density of Puerto Rico.

Cuba's economy suffers from gradual decay going back for decades. It needs American tourism for a big money injection.

Cuba now has a severe problem with old buildings falling apart from decay. I was told that three buildings per day collapse in Havana.

Necessity is a mother. Perhaps the Cuban communists can remain in power by turning the island into a big tourist destination.

Share |      By Randall Parker at 2015 June 18 08:44 PM 


Comments
Engineer-Poet said at June 18, 2015 10:14 PM:

I was attending Mardi Gras with Fidel Castro
Buxom cross dressers threw fake gold coins at our feet
As we discussed the fate of the revolution
Suddenly, CIA men dressed in bikinis
Tried to stab us with fountain pens
Fidel blew mustard gas from his cigar
And immobalized the lot of them
19 tequilas later we had a deal
Havana goes back to the mob
And Fidel and I open a chain of Kentucky Fried Chicken shops


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