It could be a desperate attempt at sanctiins relief and avoidance of full-blown invasion that would topple the communust party from power. Or the party could be tired of living without driving Ferrari. Or both.
Looking at some of the measures, I had expected something akin to the Chinese formula of creating a confined capitalist economy while keeping capital under state control. I see them allowing private banks though. If they let private banks play significant role in capital allocation, they’re fucked long-term.
E:
In some ways I feel like China has dropped the ball vis-a-vis Cuba, even if I understand why they wouldn’t want to help a country obviate US sanctions so close to the US border. A country that could easily be destroyed by the US army on a moment’s notice.
On the other hand, this reopening initiative could also serve the purpose of getting Chinese capital into Cuba via market means that would be more difficult to argue against and halt by the US.
It could be a desperate attempt at sanctiins relief and avoidance of full-blown invasion that would topple the communust party from power. Or the party could be tired of living without driving Ferrari. Or both.
Looking at some of the measures, I had expected something akin to the Chinese formula of creating a confined capitalist economy while keeping capital under state control. I see them allowing private banks though. If they let private banks play significant role in capital allocation, they’re fucked long-term.
E:
In some ways I feel like China has dropped the ball vis-a-vis Cuba, even if I understand why they wouldn’t want to help a country obviate US sanctions so close to the US border. A country that could easily be destroyed by the US army on a moment’s notice.
On the other hand, this reopening initiative could also serve the purpose of getting Chinese capital into Cuba via market means that would be more difficult to argue against and halt by the US.