Cuba's Economic Crisis

Cuba is facing an acute economic crisis, exacerbated by factors such as government mismanagement, a centrally planned economy, and the fallout from the pandemic. Frequent blackouts and rampant inflation are common, while the cost of basic goods has skyrocketed, with a carton of eggs surpassing the monthly minimum wage. The Cuban government struggles to adapt, attempting to balance a tightening grip on the economy while also seeking external aid from allies like Russia and China. Despite superficial reforms, such as the introduction of small and medium-sized enterprises, the economy remains stagnant and unable to provide for its citizens, prompting significant emigration.