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A Tale of Two Economies: Singapore and Cuba

ker
March 27, 2015

by Frank Holmes

It would be nearly impossible to find two world leaders in living memory whose influence is more inextricably linked to the countries they presided over than Cuba’s Fidel Castro and Singapore’s Lee Kuan Yew, who passed away this Monday at the age of 91.

You might find this hard to believe now, but in 1959—the year both leaders assumed power—Cuba was a much wealthier nation than Singapore. Whereas Singapore was little more than a sleepy former colonial trading and naval outpost with very few natural resources, Cuba enjoyed a thriving tourism industry and was rich in tobacco, sugar and coffee.

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Discussion
3 Comments
    CFS
    Mar 27, 2015 27:38 AM

    Isn’t great to believe our Marxist traitor in the WhiteHouse is doing to the USA what Fidel did to Cuba and the corrupt Republicans allow it so they can line their own pockets.

    Mar 27, 2015 27:18 PM

    The USA should announce in advance that its going to back rebels in eastern cuba and land 30k marines o n a set date . I predict the government would fall with almost no deaths in 2 weeks . Th epublic and young people are fed up with endless shortages. Fidle has lost his charm , and real incomes are the worst in latin america. S

    Mar 27, 2015 27:14 PM

    Mr. Holmes neglects to mention how Cuba was faring before Castro under a Mafia-backed dictator named Fulgencio Batista and for some reason the U.S. never showed any outrage about him. Nor does he say whether Singapore was ever invaded by a neighboring superpower and, after the invasion failed, its leader was targeted for assassination and the nation was kept under an economic stranglehold for over half a century with the sole purpose of destroying its economy.

    I am sure there is a word for such convenient amnesia and selective statement of facts but somehow it escapes me …