Despite the Internet blackout in Cuba, videos of brutality against protestors are surfacing through social media. According to economist John Tamny, the presence of iPhones and Internet in Cuba can only enhance the protestor’s fight for freedom — and show the power of capitalism. Tamny argues that to help the protestors, the U.S. should end embargoes on Cuba now.
A Call To End The Embargoes On Cuba
In his latest oped for Real Clear Markets: The Protests In Cuba Tell a Much Bigger Global Story, Tamny writes, “What’s happening now is also hopefully a reminder that the embargoes the U.S. has long placed on Cuba are much less than worthless. End them. Yesterday. Even though the “United States” can’t trade with Cuba (actually, exceptions have been made for agricultural and medical goods such that the U.S. is country’s 4th largest trading partner), packages from Cuban Americans to family members continue to flow in to the country. Put another way, if you’re producing valuable goods you’re trading with the world. There are iPhones in Cuba, and their existence there once again makes it possible for the whole world to see a revolution that will hopefully succeed.”
Electron Capital Partners returned 10.3% net for August, pushing its year-to-date returns into the green at 10%. The MSCI ACWI was down 3.9% for August, bringing its year-to-date return to -18.8%, while the S&P 500 was down 4.2% for August, which brought its year-to-date return to -17%. The MSCI World Utilities Index lost 1.8% for Read More
- Cuba’s tyrants will be exposed in real time thanks to the Internet speaks to the genius of the capitalist profit motive.
- What’s happening now is also hopefully a reminder that the embargoes the U.S. has long placed on Cuba are much less than worthless. End them.
- The Internet has changed how people can hold their politicians accountable.
- John authored this piece for RealClear Markets yesterday: The Protests In Cuba Tell a Much Bigger Global Story
About John Tamny
John Tamny is editor of RealClearMarkets, Vice President at FreedomWorks, and a senior economic adviser to Toreador Research and Trading (www.trtadvisors.com). His new book is titled When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason. Other books by Tamny include They're Both Wrong: A Policy Guide for America's Frustrated Independent Thinkers, The End of Work, about the exciting growth of jobs more and more of us love, Who Needs the Fed? and Popular Economics.