On July 20, 2015 the Cuba and United States diplomatic relations had been restored that were severed during the Cold War in 1961 (Britannica, 2015). However, the United States embargo still exists which makes it illegal for American corporations to do business with Cuba. The U.S trade embargo cannot be lifted without congressional appeal making it hard to remove (Britannica, 2015). The relationship between the United States and Cuba has remained frozen beyond the end of the Cold War, which makes it fascinating to compare two countries that were former rivals. America is considered a superpower because of its influence in international affairs, Cuba to the same extent has less influence (Britannica, 2015). Through the embargo that was established
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Liberty is generally defined as the freedom for people to do what they want to do, also limited government that places few restrictions on individual’s freedom. Americans believe in individualism, where citizens are responsible for their own lives, as well as protecting private property. This approach in the American economy promotes competition that is essential to a thriving economy because it creates innovation and improvement to products and services. In Cuba’s socialist system the government is the company for which everyone works, everything is jointly owned and the government controls the economy (Gott, 2005). In the socialist economy private property is eliminated with limited exception, individuals can inherit houses but not sell them (Abrahams&Lopez-Levy, 2011). The government distributes produced wealth according to the need of the people. Each Cuban citizen has a monthly ration of seven pounds of rice, a pound of beans, half a bottle of cooking oil, one bread load daily and small quantities of poultry (Abrahams&Lopez-Levy, 2011). Health care and education is paid for by the government unlike the United States were students have to pay for post secondary education. The goal of the country is to eliminate greed and promote people to work for common good, however corruption exists largely in the
Liberty is generally defined as the freedom for people to do what they want to do, also limited government that places few restrictions on individual’s freedom. Americans believe in individualism, where citizens are responsible for their own lives, as well as protecting private property. This approach in the American economy promotes competition that is essential to a thriving economy because it creates innovation and improvement to products and services. In Cuba’s socialist system the government is the company for which everyone works, everything is jointly owned and the government controls the economy (Gott, 2005). In the socialist economy private property is eliminated with limited exception, individuals can inherit houses but not sell them (Abrahams&Lopez-Levy, 2011). The government distributes produced wealth according to the need of the people. Each Cuban citizen has a monthly ration of seven pounds of rice, a pound of beans, half a bottle of cooking oil, one bread load daily and small quantities of poultry (Abrahams&Lopez-Levy, 2011). Health care and education is paid for by the government unlike the United States were students have to pay for post secondary education. The goal of the country is to eliminate greed and promote people to work for common good, however corruption exists largely in the