Tuesday, March 19, 2013

From Yoani Sanchez to Mexico to Argentina. a lot of is going on in Latin America

Yoani Sanchez is in the US answering questions and facing a few demonstrators.  Overall, her trip has been positive although some of her answers have left us a bit confused.

For example, she is against the US embargo.  What's wrong with that position?  There is no evidence that lifting the embargo will improve the life of Cubans.  In fact, lifting the embargo will simply mean that the Castro regime, and the companies run by the dictatorship, will have more dollars to deposit in foreign accounts.  The second benefit of lifting embargo is that Cuba will have access to credit lines.  Again, these credit lines will only enrich the Castro family.

We also discussed the economic contrast in Latin America.  On one side, you have the "free market" success stories:  Chile, Mexico, Colombia and Peru.  On the other side, the socialist basket cases:  Cuba, Argentina, Venezuela and Bolivia.

The saddest part is that the Obama administration is absent.  We do not have a policy toward the region.  We are not opening up markets for US companies by expanding trade with our southern neighbors.  We are missing in action, a sad chapter in US-Latin America history.

Click here for our chat with Monica Showalter of IBD: 


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