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If the American embargo of Cuba ended, what do you think would happen to the USA and Cuba? (thelemmy.club)

submitted 8 months ago by HobbitFoot@thelemmy.club to c/asklemmy@lemmy.ml

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This isn't meant to be a discussion on the morality of the embargo, but the affects of the embargo ending for both countries. These affects can be political, economic, or social.

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[–] TheAlbatross@lemmy.blahaj.zone 78 points 8 months ago* (last edited 8 months ago) (3 children)

It's a small economic quirk, but I imagine many Cubans would be selling their old American cars to collectors State-side for a quick cash influx.

And Americans would be eager to travel to Cuba for tropical tourism. That feels like a longer lasting economic change.

Of course there'd be a bubble market on Cuban cigars that would arise, climb, then settle as the demand declines as the idea of a Cuban cigar becomes more normalized.

I've heard Cuba has some novel treatments for lung cancer. I imagine there'd be a market for medical tourism that would emerge from that, as I sincerely doubt the FDA would evaluate and approve a foreign treatment created under a Communist government with any haste.

[–] protist@mander.xyz 51 points 8 months ago (1 children)

I was curious about that lung cancer treatment and found this Snopes article. Sounds like in Cuba it's demonstrated that it can add several months to some people's lives after they're diagnosed with lung cancer. Phase II clinical trials are underway in the US as of last year, and preliminary results show particular success in combination with other existing treatments. They've expanded the trial to cover some other forms of cancer too

[–] TheAlbatross@lemmy.blahaj.zone 16 points 8 months ago

Whoa! Thanks for the info, that's really cool

[–] HobbitFoot@thelemmy.club 6 points 8 months ago (1 children)

Do you think medical tourism would become big?

[–] TheAlbatross@lemmy.blahaj.zone 12 points 8 months ago

I think that largely depends on how easy it becomes for Americans to travel to Cuba. I imagine there'd be a bubble for most economic exchanges in the get go, but after it would normalize more.

I'm not really sure what constitutes "big" or how large the medical tourism industry is, say, between Mexico and the US, but I know it exists.

I've heard that Cuban healthcare is very good, but I'm unsure how accessible it would be to Americans. Being an American, I really don't know much about Cuba... but I've heard a few general things.

[–] deafboy@lemmy.world 1 points 8 months ago (1 children)

Aren't cubans still banned from using the real money?

[–] TheAlbatross@lemmy.blahaj.zone 13 points 8 months ago (1 children)

I think Cuba uses the Cuban peso, the real hasn't been in use for centuries.

[–] deafboy@lemmy.world 6 points 8 months ago

There was a cuban peso and convertible peso, but apparently they've been merged 3 years ago. So the sanctions probably are the main barrier to free trade now.