What, you expected common sense and self-interest to overcome good old fashioned GOP grudge nurturing?
The Cuban Embargo is like supply side economics. 'Fairy dust' policy that doesn't accomplish what it was intended to accomplish, with nothing but real world experience and hard evidence that proves it.
The Cuban Embargo is like supply side economics. 'Fairy dust' policy that doesn't accomplish what it was intended to accomplish, with nothing but real world experience and hard evidence that proves it.
Quote:List of Cons of Cuban Embargo
1. The rest of the world is against it.
For twenty-two years in a row, the United Nations has voted to cancel the Cuban embargo in lopsided votes. It was only last year that the US and Israel voted against the resolution.
2. Experts believe it is ineffective
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The main purpose of the Cuban embargo is to break the country’s communist government. But five decades since it was first imposed, none of the two authoritarian heads of state was overthrown. The trade ban was also created to make Cuba promote capitalism, but has deliberately refused since and is not likely to welcome it. Besides that, many opponents say it has not achieved its objective, making it wise to let it go.
3. The embargo has failed to make significant changes.
Although Cuba is no longer considered a threat to national security, it has not met what was expected. And because it has not brought about worthwhile changes, it is thus rendered futile and meaningless.
4. An open trade with Cuba would have significant impact on small and family-run enterprises.
Although repealing the embargo could not make any consequential impact on the United States’ economy, it can help smaller companies in the US.
5. The banning of commercial and economic trade is expensive.
The embargo does not only hurt the Cuban economy, but also cost US businesses a lot of money. In fact, the US loses around $1.2 billion in forfeited earnings every year.
6. The Cuban population would be affected the most.
With the current restrictions in importing goods to Cuba, doctors have little to no access to medicines that are needed to save their patients. Aside from that, the trade ban would worsen the food shortage in the country.
The Cuban embargo may have been created to address economic, financial and commercial issues, but it has not served its purpose well. Perhaps, it is finally time to end the prohibition forever.
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