Tag Archives: Sugar

What socialists did to the economies of Cuba and Venezuela

Article from Babalu blog. (H/T ECM)

Cuba:

Cuba was a small island nation that once was the biggest producer and exporter of sugar in the world. Once La Revolución got its paws on it though, it was systemically destroyed to the point that the island cannot even produce enough to supply its own populace with the sweet spice.

Venezuela:

Enter Chavez with his Revolución Bolivariana, and in a few short years they have gone from one of the biggest producers of some of the best Arabica coffee beans in the world, to now facing, for the first time in history, the prospect of having to import its coffee.

Socialism doesn’t work.