Seems everyone’s talking about Cuba these days. Barack Obama became the first U.S. president to visit the island in ages, and every megacorporation from Home Depot to Major League Baseball wants to do business there. By any measure, Cuba’s is a remarkable story, particularly its educational and medical accomplishments in the face of an economic blockade that keeps out everything from computer chips to breakfast cereal.
Despite that embargo, Cubans can convincingly claim to be better off than residents in nearby capitalist nations like Honduras (highest per capita murder rate in the world), El Salvador (thousands killed each year by rampaging drug gangs), Haiti (59% poverty rate), and even Puerto Rico ($70 billion in debt—an astonishing $20,000 per resident). But one thing Cubans don’t have is the opportunity to accumulate wealth. That may be about to change.