Critical view of economist Mesa-Lago on the economic crisis in Cuba: A call for urgent changes?

Renowned Cuban economist Carmelo Mesa-Lago has shared his views on the current economic situation in Cuba, describing it as a catastrophe. Approaching his 90th birthday and about to publish what could be his last book, Mesa-Lago has reflected on the worst economic moments he has witnessed in the Caribbean island, highlighting the current crisis as the most severe. In his statements, Mesa-Lago points out that the current crisis far surpasses that of the 1990s, highlighting various indicators showing a significant deterioration in the Cuban economy. From the decline in industrial production to uncontrolled inflation, the country's economic landscape appears extremely challenging. The economist also references historical moments when the Cuban economy benefited from aid from the Soviet Union and later from Venezuela. However, the lack of a solid economic foundation and continued dependence on other countries have led Cuba to face recurrent economic crises. Regarding the economic reforms implemented under Raúl Castro's leadership, Mesa-Lago believes that while they were well-intentioned, they were slow and faced obstacles. He emphasizes that the measures introduced by Miguel Díaz-Canel, such as the legalization of private enterprises, have not been sufficient to reverse the current situation. Regarding the growth of the private sector and micro, small, and medium-sized enterprises (MSMEs) in Cuba, Mesa-Lago questions the effectiveness of these economic policies, pointing out discrepancies in official figures and warning about the growing social disparity in the country. The existence of marked social classes and economic inequality are aspects that have emerged amid the current crisis. Regarding the historical achievements of the Cuban Revolution, such as health, education, and social equality, Mesa-Lago laments that the current situation is far from those ideals. He notes that the current economic catastrophe has negatively impacted all aspects of daily life for Cubans, casting doubt on the sustainability of the social achievements made in past decades. Finally, when asked about the path forward for Cuba, Mesa-Lago emphasizes the need for significant reforms that allow for greater economic openness and diversification. However, he acknowledges that political factors and internal resistances could hinder progress towards a model more compatible with the realities of the 21st century. In summary, Carmelo Mesa-Lago's words offer a critical and reflective view of Cuba's current economic situation, highlighting the urgency of profound and structural changes to address present challenges and build a more prosperous future for the island and its population.