Source: Independent Institute
by Benjamin Powell
“Hospitals, hotels, and other businesses have limited power from generators, but fuel is in short supply and will not keep the generators running much longer. Venezuela has provided subsidized fuel to Cuba for two decades, but its own economic crisis has limited how much it can help Cuba in recent years. Meanwhile, fuel from the United States remains unavailable due to the embargo. But the root causes of Cuba’s lack of energy are homegrown. Without private property, socialist economic systems cannot provide the information and incentives necessary to create prosperity.” (11/08/24)
https://blog.independent.org/2024/11/08/cubas-real-power-problem-is-socialism