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Wealth & Business

Can Cuba sustain its dual economic strategy of socialism and capitalism under U.S. pressure?

For over six decades, Cuba has balanced communist alliances with capitalist ventures. This episode examines the historical roots of this experiment and the current crisis as U.S. restrictions on oil imports paralyze the nation's infrastructure.

Since January, U.S. policies have effectively blocked nearly all oil shipments to Cuba. This energy shortage has triggered severe consequences, including frequent nationwide blackouts, the suspension of public transport, and disruptions in the delivery of essential food and medical supplies.

The crisis has reached a point where daily communication is hindered, as citizens struggle to charge phones or maintain cell service. Through personal voice notes, the episode explores how this precarious economic model developed over the last 60 years and the reality of life during this current period of instability.

Source: Dark times for Cuba’s economic experiment | Planet Money

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