The Shocking Truth About How Cuba Became Insanely Poor

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Published 2022-12-02
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In this video, we take a deep dive into the history and current state of Cuba's economy. From its origins as a tropical paradise and economic powerhouse, to its struggles with food shortages and economic decline, we explore the key factors that have shaped the country's economic trajectory. From colonization and corporate domination to the impact of Fidel Castro's communist rule, this video offers a comprehensive look at the complex history of Cuba's economy

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– Contents of this video --------------------------------
00:00 - Cuba’s Economy
01:35 - Why is Cuba Still Poor?
01:35 - Let There Be Sugar
05:56 - Cuba's Economic Golden Age?
07:42 - The Revolution
11:18 - The Failed Economic Experiment
14:26 - Cuba's Communist Golden Age
16:04 - The Special Period
20:49 - Why Cuba is Still Poor

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– Sources used ---------------------------------------------

Cuba an American history by Ada Ferrer

cubaonthehorizon.cofc.edu/the-cuban-economy/

cubaonthehorizon.cofc.edu/timeline-of-cuba-history…

www.economist.com/graphic-detail/2016/03/18/cuban-…

www.economist.com/the-americas/2021/07/01/cuba-is-…

www.economist.com/the-americas/2020/04/04/cubas-do…

www.economist.com/the-americas/2020/04/23/cuba-on-…

www.economist.com/the-americas/2017/04/01/what-the…

www.usgs.gov/news/national-news-release/updated-in…

graphics.wsj.com/100-legacies-from-world-war-1/cub…

hbr.org/2015/08/what-you-might-not-know-about-the-…

hbr.org/2016/12/doing-business-in-a-post-fidel-cub…


#cuba #economy #CubaHistory #FidelCastro #Economics #CasualScholar

All Comments (21)
  • As a 67 Year old Cuban that came in 1960 you skipped over important part. Cuba had an elected President for the first time but America saw him as too "liberal" (like Democrats are today) and therefore a threat to their interests. They helped a prior dictator hold a coup to come to power. In other words, to the people, Castro seemed to be the only choice they had over a corrupt dictatorship. If America hadn't put in corrupt dictators Castro wouldn't have been there. This American formula had similar results in Central America. This is just a sample of what happens when corporations have too much control over government.
  • I have travelled to Cuba on a number of occasions for work. A Cuban once told me the joke, "What do you call a Cuban orchestra when they return from a foreign tour? A quartet."
  • @kryts27
    Apparently Cuba's private motorized transport is still made up of 1950s and 1960s cars made in the US. While this is a testimony of the mechanical skiils of the Cuban mechanics in keeping these antique cars running, this apparently iconic nature of Cuban streets is a real indicator of the isolation of Cuba's island economy for 60 years.
  • @SolitaryPilgrim
    Thank you for this video, I’m a 1st generation Cuban immigrant and my father has told me about the politics, livelihood and poverty in Cuba. I never heard much about the economy but what I did hear from him was most of the money most citizens made was through farming, selling meat and baked goods. My father grew up in the countryside and his family owned/ worked in SEVERAL farms and still struggled in poverty due to high taxation and unstable market. The last time I visited a box of cereal was $20. He was around during the height of Castro’s power and one thing I wish was emphasized was how little he cared for his people, even economically. There was virtually no middle class, money from every establishment and almost every trade went to politicians, not the rich, poor, education, infrastructure, or law enforcement. Only the politicians.
  • @JobeeTabs
    We Filipinos learn a glimpse of Cuba in our grade school History class, because our country became a colony of Spain. The Cuban War of Independence 1895-1898 inspired the Philippine revolution against Spain. Hence, the design of flag our 🇵🇭 was also inspired by Cuba 🇨🇺. un grande abrazo hermanos desde las islas Filipinas.
  • @eduardo2788
    You missed 19 years of democracy 1933-1952, 26 years of economic prosperity 1933-1959, the political repression and the different exodus after 1959.
  • @Curlyblonde
    An excellent book describing life pre and post revolution Cuba written by a Cuban exile is " Waiting for Snow in Havana". Makes you understand everything you see and the Cuban mentality when you visit Cuba.
  • @MN-pu6qx
    This is an outstanding video. The actions over many years of numerous politicians from Cuba, Russia and USA have been corrupt and deplorable. Of course, the bull-headed arrogance of those politicians would prevent an ounce of introspection.
  • @zengmaxxing
    I visited Cuba in summer of 2022. Beautiful country with amazing hospitable people but you could just tell there was a significant degree of desperation going on. At times i felt bad being a tourist vacationing while the locals were struggling to get by. Lots of shortages everywhere
  • @Ari-ez1vj
    My father was a doctor in Cuba, he escaped on a boat and was caught by the coast guard about halfway to Florida. They brought them back to Guantanamo bay where a lot of them returned to their lives. However my father got the opportunity to work as a doctor in Guantanamo for a few months. They helped him become a resident of the United States, secured him the ability to come to the nation legally, and provided him with a healthy wage. In Miami, my father was homeless; for a while sleeping in churches whenever he could and working wherever would accept him. Until a friendly man named Victor found him one day on a Sunday morning and gave him a place to stay. He was also a Cuban migrant but one that came here very long ago, he was quite good at English. Victor provided my father with a stable home and helped him get enrolled in school to get recertified as a doctor. Victor passed away about 10 years ago, but my family will never forget the kind man that he was. Today you can find hundreds of people just like my father, most of them work very traditional jobs here in America. I worked at my father's office and there was an employee who specialized in neurosurgery, yet she works as an office technician now. The situation in Cuba is very interesting, because though their economy is a shadow of it's former self their education has managed to stay relatively top-notch. They have a lot of very skilled workers in their market who work for an extremely unreasonable price.
  • Thank you 💛 for this. I grew up with a girl from Cuba. Her parents brought her to Miami Beach Florida and they escaped from Cuba approximately in 1955-1960. I loved them. Cookie was my best friend. Learned some Spanish too. Cubans are a wonderful people. Beautiful country and culture.
  • @kuba2ve
    As a Cuban I can tell you this is a pretty accurate summary.
  • You criminally forget the 1933 Revolution, Batista's first dictatorship then elected presidency, and the Autentico's dismal fall.
  • The explosion of the Maine wasn’t a false flag operation. The ship most likely suffered a magazine explosion, something that was not-unheard of in the era. The chemistry of propellants in that era was not fully understood and some of them were not completely stable in the long term, especially when exposed to long periods of high temperature.
  • @_yk9ch9hw5q
    Because of Batista's resentment for his coup d'état, Cubans renounced their accelerated economic advancement and modernity achieved in just seven years, to live a long communist nightmare without freedom and in increasing misery for almost seven decades.
  • As a Cuban immigrant now living in the US I truly enjoyed this video. It would be awesome to see a more in depth documentary on this topic.
  • @nadines.3453
    I did a trip to Cuba over the year change from 2018 into 2019 and this trip honestly changed my life! It made me so much more humbled. I booked a tour with a cuban company because i didnt want to support foreign companys and we got lucky that no one else booked out date so we had a tourguide for ourself, the changed the travel style a bit we hadnt a big bus but mostly taxis or private people the tourguide knew who drove us from a to b! We flew with a very old Antonov from a small national airport outside Havanna to the east coast and drove back...got to meet the family of the tourguide, stayed at small Casa paticulares got nice but small breakfast here all very much like we were part of their family for a day or two. Geting to know them and their life the good but also a lot of bad sides, the smile on peoples face when we got them food (basic stuff where kids in germany are mad if they dont get strawberry jogurt, they were just happy to get 1 cup jogurt the kind that was in stores this week) and it made me sad to see how much food we waste in western world and see people there starv or wait for hours to buy a bread...