WHY IS HONG KONG RICH, CUBA IMPOVERISHED, AND PUERTO RICO BROKE?
Back in 1955, the islands of Puerto Rico, Cuba and Hong Kong had roughly the same real per capita income. They each took very different economic paths.
Now, some 60 years later, Hong Kong is even richer than the United States on a per capita income basis. Cuba is an economic disaster, having gone from the richest Caribbean nation to the poorest, next to Haiti. And Puerto Rico finds itself flirting with bankruptcy, with a per capita income much higher than Cuba’s but only roughly half that of Hong Kong.
The contrasting lessons of Hong Kong and Cuba provide a clear path that Puerto Rico must take to have an economic future.

What do you see here? A group of Moslem “refugees” walking in a snowstorm headed for the German Welfare State?


On one hand, I can understand the sentiment. I myself have often quoted Emiliano Zapata’s famous line “Better to die on your feet, than live on your knees” and it doesn’t necessarily mean I know much about Zapata (which I don’t), much less whether I would have agreed with him about much else.