I was Rick Moran’s co-host in last night’s podcast. discussing The Opening to Cuba: What do Cuban Americans Think? with Silvio Canto, Jr.
Related to the topic,
The Real Cost of Castro Inc.
If relations are fully normalized, American tourist dollars would pour into companies owned by the Castro regime, since tourism is controlled by both the military and General Raul Castro, warns the Cuba Transition Project (CTP).That means rum, tobacco, hotels and resorts are all owned and operated by the regime and its security forces. Cuba’s dominant company is the Grupo Gaesa, founded by Raul Castro in the nineties and controlled and operated by the Cuban military, which oversees all investments. Cuba’s Gaviota, run by the Cuban military, operates Cuba’s tourism trade, its hotels, resorts, car rentals, nightclubs, retail stores and restaurants. Gaesa is run by Raul’s son-in-law, Colonel Luis Alberto Rodriguez Lopez-Callejas.
The number of foreign companies doing business in Cuba have been cut by more than half since the 1990s, to 190 from some 400. Reasons include: Being forced to partner with army-controlled groups; hire workers through state agencies; and the freezing of bank deposits. Complaints have poured in from former senior executives at Dow Chemical, General Mills, Bristol-Myers Squibb, Colgate-Palmolive, Bacardi, American Express Bank, PepsiCo, Warner Communications, Martin Marietta Aluminum and Amex Nickel Corporation. Iberia, Spain’s national airline which at one time accounted for 10% of foreign commerce with Cuba, killed its Havana routes because they were unprofitable.
Carlos Eire was not in the podcast, but you should read how he’s Dealing with anti-Cuban-American vitriol on Christmas Eve