So Fidel Castro resigned today as president of cuba , and I'm sure many people in America couldn't be happier about it. Most of all is U.S. based companies, the federal government and Cigar Afficionados. Finally, an easy way to get Cuban cigars.
Tobacco aside, this could be huge. President Bush has already stated that this will lead a way to democracy in the form of capitalism to the Cubans. Raul Castro, his younger brother, is set to take over. He has promised economic reforms that people in Cuba have hoped for. Castro had managed to stave off U.S. influence for nearly 50 years, but when he passes away, and his brother's out of power, what will happen? We saw China's international status increase after Mao Zedong stepped down and Deng took over and slowly implemented free market aspects, while maintaining it's socialist positions. Now China's a superpower.
Cuba, in all likeliness, will not become a world power, but possibly a bigger play in the world scene. While Castro's alive, this reform won't happen, but he's 81 and in bad health. Will Castro's eventual passing bring free market to Cuba? Maybe, but only time will tell. I think it's inevitable, and that to succeed in this world as a power, you have to accept some degree of a free market economy.
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