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Ricardo Torres

👤 Speaker
50 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
Dark times for Cuba’s economic experiment

I said, why not?

Planet Money
Dark times for Cuba’s economic experiment

I mean, this is a good place to be if you want to do something for your own country.

Planet Money
Dark times for Cuba’s economic experiment

He started talking about our economy is not in good shape and we can trace some of the factors behind that to our economic system.

Planet Money
Dark times for Cuba’s economic experiment

So we need to introduce some changes here.

Planet Money
Dark times for Cuba’s economic experiment

We want the private sector as long as it is a complement.

Planet Money
Dark times for Cuba’s economic experiment

to state activity, but it cannot become more important than the state sector.

Planet Money
Dark times for Cuba’s economic experiment

that boom you know lots of people wanting to visit Cuba in part was driven by this romantic idea well you know Cuba is changing so fast it's no longer gonna be a communist country or a socialist country in a few years so we want to go there and see it before it it changes completely and we have McDonald's in every corner of Cuba like everywhere else so we want to see it before it

Planet Money
Dark times for Cuba’s economic experiment

It ends.

Planet Money
Dark times for Cuba’s economic experiment

Small economies, they tend to be more specialized.

Planet Money
Dark times for Cuba’s economic experiment

than big economies.

Planet Money
Dark times for Cuba’s economic experiment

And then if your main industry is affected for one reason or the other, then you are in trouble.

Planet Money
Dark times for Cuba’s economic experiment

From boom to bust, but like without preparation or anticipation of any kind.

Planet Money
Dark times for Cuba’s economic experiment

Like in a few months, all gone, almost all gone.

Planet Money
Dark times for Cuba’s economic experiment

According to government statistics, there were...

Planet Money
Dark times for Cuba’s economic experiment

almost 10,000 of those operating in Cuba.

Planet Money
Dark times for Cuba’s economic experiment

I think I've contributed more than enough.

Planet Money
Dark times for Cuba’s economic experiment

And I've sacrificed many things as well.

Planet Money
Dark times for Cuba’s economic experiment

So I said, OK, well, it's time for a new beginning elsewhere.

Planet Money
Dark times for Cuba’s economic experiment

And, well, the U.S.

Planet Money
Dark times for Cuba’s economic experiment

was that place.