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Capitalism enters Cuba through the back door amid economic hardship
๐Ÿ‡ญ๐Ÿ‡ท Croatia /Economy & Trade

Capitalism enters Cuba through the back door amid economic hardship

From Veฤernji List · () Croatian

Translated from Croatian, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Despite Cuba's communist government, capitalism is reportedly being introduced through indirect means.
  • American companies facilitating remittances to Cuba are seeing increased business due to the island's worsening economic crisis and U.S. sanctions.
  • Many Cubans rely on these packages for essential goods as the local economy struggles, impacting even the healthcare system.

Cuba's communist government is facing a deepening economic crisis, exacerbated by U.S. sanctions, leading to a situation where elements of capitalism are reportedly entering the island through indirect channels. American companies that act as intermediaries for sending money and goods to Cuba are experiencing a surge in business.

Madelayne Blanco, a resident of Tampa, exemplifies this trend by sending three packages monthly containing canned food, medicine, and essential supplies to her family in Cuba. She finds it more economical to use shipping services offered by U.S. companies than traditional postal services. Her 78-year-old grandmother, living in Pinar del Rรญo, continues to work in accounting despite her age, earning a meager monthly salary of three dollars, which is barely enough to purchase cooking oil.

The packages sent by Cubans abroad have become increasingly vital as the island grapples with severe economic hardship. Reports indicate that even Cuba's vaunted healthcare system is struggling under the strain. The U.S. government, meanwhile, views the Cuban administration as a threat to national security, with former President Trump having openly discussed the idea of "taking over" Cuba.

This influx of goods and financial support from abroad highlights the critical reliance of many Cuban families on external aid. The situation underscores the profound impact of U.S. sanctions on the daily lives of ordinary Cubans and the resilience of those seeking to support their relatives amidst challenging economic conditions.

DistantNews Editorial

Originally published by Veฤernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.