Castrogonia earns silver medal in “most repressed economy” Olympics


The 2014 Index of Economic Freedom ranks Castrogonia next to last in the world, in 177th place.  Last place – or first place, in terms of most repressive — goes to North Korea. Venezuela is not far behind, at 175.

In the category of “Repressed” the Index lists three other quasi – Castronoid countries in Latrine America:  Argentina (166), Ecuador (159), and Bolivia (158).

Nicaragua, Honduras, and Brazil are classified as “mostly unfree,” along with Russia, Belarus, Vietnam, Laos, and China.

Peru, Uruguay, Colombia, Paraguay, Mexico, Panama, Costa Rica, Dominican Republic, and Guatemala are classified as “moderately free.”

Chile is the only Latrine nation to be listed as “mostly free.”  Even more surprising, it ‘s ranked as number 7, five places above the USA.

Ironically, a nation that has very close economic ties to Castrogonia is ranked as number 6, above Chile and the USA:  Canada.

Jose Azel exposes the fine points of doing business in the “Repressed” kingdom of Castrogonia.

From PanAm Post

Investing in Cuba: Where the State Always Wins

Foreign Firms Be Warned: Any “Liberalization” Is Mere Survival, Apt to Be Reversed

by Jose Azel

Since the 2006 announcement by the Cuban government that octogenarian Fidel Castro had transferred power to his brother Raul, there has been increasing speculation regarding political and economic changes in Cuba. More recently, some potential investors seem to have bought the narrative that the Cuban government has embarked on a process of genuine political and economic reforms. But investors beware.

In its 2014 “Index of Economic Freedom” report, the Heritage Foundation ranks Cuba as one of the world’s least free economies with a score of 28.7, compared to a world average of 60.3, and an average of 84.1 for the free economies of the world. Cuba’s economic milieu continues to deteriorate in terms of most of the factors considered in the Heritage Foundation methodology such as trade freedom, fiscal freedom, monetary freedom, and particularly freedom from corruption.

One implication for enterprises seeking to do business with Cuba is that this legacy manifests itself in areas such as official corruption. Notice that my expression is not doing business in Cuba, but rather doing business “with” Cuba since the Cuban government (read the Castro brothers and the military) will obligatorily be the majority partners in any foreign investment under current Cuban law.

As noted in the Index, in Cuba, official corruption is a serious problem, “with a culture of illegality … and a vast state-controlled economy in a country where there is little respect for the rule of law.” US American companies, particularly publicly-traded firms subject to myriad anti-corruption and disclosure regulations, would find it nearly impossible to operate lawfully in such an environment of systemic and endemic corruption.

Continue reading HERE.