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Erika Barris

👤 Speaker
1329 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
Dark times for Cuba’s economic experiment

For more than 60 years, Cuba has survived on two seemingly contradictory economic strategies, leaning on its communist and socialist compadres and flirting with its frenemy, capitalism.

Planet Money
Dark times for Cuba’s economic experiment

And right now, it seems like the U.S.

Planet Money
Dark times for Cuba’s economic experiment

is making both strategies impossible.

Planet Money
Dark times for Cuba’s economic experiment

When I asked Yasser, how did all this happen?

Planet Money
Dark times for Cuba’s economic experiment

How did Cuba go from this mini boom to near failure?

Planet Money
Dark times for Cuba’s economic experiment

Was it because of the U.S.

Planet Money
Dark times for Cuba’s economic experiment

oil embargo over the last few months?

Planet Money
Dark times for Cuba’s economic experiment

I'm guessing he listened, rubbed his temples and was like, where do I start?

Planet Money
Dark times for Cuba’s economic experiment

In his message back, he told me, what's happened the last few months is an intensification of what's been happening for a long time.

Planet Money
Dark times for Cuba’s economic experiment

So for help with my complicated questions, I also contacted an economist.

Planet Money
Dark times for Cuba’s economic experiment

So you are Cuban.

Planet Money
Dark times for Cuba’s economic experiment

But before all that, Ricardo lived and studied economics in Cuba.

Planet Money
Dark times for Cuba’s economic experiment

So he was the perfect person to talk to us about Cuba's decades-long economic experiment, going between its communist compadres and its frenemy, capitalism.

Planet Money
Dark times for Cuba’s economic experiment

Starting with the 1959 revolution, which Ricardo learned about in elementary school, when his teachers would tell him the heroic story of the great revolution led by their beloved leader, Fidel Castro.

Planet Money
Dark times for Cuba’s economic experiment

Cuba is just 90 miles from the U.S., and this was the Cold War.

Planet Money
Dark times for Cuba’s economic experiment

These two countries became the opposite of compadres.

Planet Money
Dark times for Cuba’s economic experiment

So the U.S.

Planet Money
Dark times for Cuba’s economic experiment

imposed what soon became the mother of all embargoes on Cuba.

Planet Money
Dark times for Cuba’s economic experiment

Nothing from the U.S.

Planet Money
Dark times for Cuba’s economic experiment

could be exported to Cuba.