The Obama administration has rushed to facilitate new travel and trade with Cuba, but the Castro regime controls virtually every aspect of the economy, including the ability of people to work and earn their own success.
State-run communism is simply an inefficient system of government. Excessive bureaucracy, corruption and principle-agent problems result from the government's attempt to micromanage the economy. The resulting poor economic performance is apparent.
of
The Obama administration has rushed to facilitate new travel and trade with Cuba, but the Castro regime controls virtually every aspect of the economy, including the ability of people to work and earn their own success.
State-run communism is simply an inefficient system of government. Excessive bureaucracy, corruption and principle-agent problems result from the government's attempt to micromanage the economy. The resulting poor economic performance is apparent.