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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 Yasser's bike business, this was awesome.

Planet Money
Dark times for Cuba’s economic experiment

He was giving bike tours to people from everywhere.

Planet Money
Dark times for Cuba’s economic experiment

His customers were Mexicans and Colombians and Italians.

Planet Money
Dark times for Cuba’s economic experiment

tourists from the United States.

Planet Money
Dark times for Cuba’s economic experiment

The Rolling Stones held a monster concert in this country where rock and roll had once been restricted.

Planet Money
Dark times for Cuba’s economic experiment

Many hundreds of thousands of Americans and their dollars went to Cuba around that time, including me.

Planet Money
Dark times for Cuba’s economic experiment

I was there, too.

Planet Money
Dark times for Cuba’s economic experiment

And so was our producer on the show, Luis Gallo.

Planet Money
Dark times for Cuba’s economic experiment

Oil from its friends, tourists from its frenemy.

Planet Money
Dark times for Cuba’s economic experiment

But of course, that all came to an end.

Planet Money
Dark times for Cuba’s economic experiment

That's after the break.

Planet Money
Dark times for Cuba’s economic experiment

So in the heyday of Cuba's flirtation with its frenemy, capitalism, the country leaned all the way into tourism.

Planet Money
Dark times for Cuba’s economic experiment

In the 20-teens, tourism was supposed to be the people's capitalist growth engine.

Planet Money
Dark times for Cuba’s economic experiment

But to make money, more and more Cubans were going into tourism.

Planet Money
Dark times for Cuba’s economic experiment

People were converting homes into hotels, opening restaurants.

Planet Money
Dark times for Cuba’s economic experiment

Yasser was leading his bike tours.

Planet Money
Dark times for Cuba’s economic experiment

Cuba's economy was growing in large part because of one industry, tourism.

Planet Money
Dark times for Cuba’s economic experiment

The first big shock was sort of a slow moving one.

Planet Money
Dark times for Cuba’s economic experiment

Venezuela's economy started to fall apart.

Planet Money
Dark times for Cuba’s economic experiment

So starting in 2016, the country sent less and less oil to Cuba.