The latest Economic Freedom Index confirms who is prosperous and who is not. It demonstrates that socialism makes you poor and that the rule of law is essential to progress.
There are 180 countries ranked in the index, and the last three are:
#178 Cuba
#179 Venezuela
#180 North Korea
Cuba’s ranking is remarkable, given that the Obama administration tried very hard to encourage business transactions with the island. It made it easier for companies to start operations in Cuba and encourage tourism as well.
Nevertheless, Cuba’s still a lousy place to do business. Why? Because it is still the same communist dictatorship that it was on the day the Obama administration started talking to Castro’s regime.
How is Cuba going to change if the corrupt regime doesn’t change? I hope President Trump understands that.
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