China Beats US In Early Cuban Internet Infrastructure Investment
lpress writes: The US would like to sell Cuba Internet service and equipment, but we have had little success so far. China has won the first round — they financed and installed Cuba's undersea cable, supplied backbone equipment and public WiFi access centers and will provide equipment for the forthcoming home DSL rollout. That being said, Cuba has very little connectivity today and most of what they have and plan to install is already obsolete by today's standards, so they will be buying a lot of equipment in the future.
So you hold an embargo against a nation for decades and now they don't fall over themselves to buy from you?
What an ungrateful bunch!
They probably agree on communistic principles. But currently China is more competitive than the USA, since that market is divided in monopolies by bought politicians.
Thank you, Bradley Manning, Edward Snowden and so many others, for courageously defending humanity, my freedom and more!
In the Cold War era (and still applies now), the US gave a lot of "Foreign Aid" money to many countries around the world. "Foreign Aid" in quotes because, often, the money just went the pocket of corrupt government officials, and the people in the country got what's left, if any. The result is a lot of money spent, a lot of corrupt officials made rich but very little goodwill generated among the common people.
China obviously did their homework. Instead of just giving out money, they are building visible infrastructure projects around the less-developed countries in world, either as foreign aid if the host country accepts, or by "bidding" for infrastructure projects. "Bidding" in quotes because when you don't even try to make a profit and bundle in free financing package to boot, others can't really compete with you at all. Then the common people will see Chinese companies and workers building infrastructure for their benefit, generating goodwill.
I wouldn't be surprised to learn the details of this successful "bid" may include 100% financing by China, probably at low interest, so Cuba don't have to pay a dime upfront. The money used for this would be a much better investment for China than buying US Bonds.
So it is Pres. Obama's fault that it is not any easier to do business in Cuba? Who was it again that turned Cuba into a testosterone test of who can be meaner and thus a bigger "man?" I seem to recall it was a different party who was howling at any mention of doing any sort of business with Cuba. Now it is Obama's fault that the US cannot sell anything to Cuba. Right.
Don't read too much into anything. Your ability to understand the macroscopic relationships at play in the global community will only lead you to new world order conspiracies or other false beliefs. You do not know the motivations or facts in relation to this situation unless you personally possess documents or have held discussions.
What I personally do know is that my life is going well, but investments are all down despite a relatively diversified portfolio, in times where the position of western nations is questioned, yet the situation is blamed on the Chinese economy.
What I also know is that of the countries that actually supply data, every single country is in debt, to the cost of at least $20,000 per person on earth. To who? That is the difficult question when you begin the research. Webs of shell companies controlled by usurers skim money from the little man, yet there is no publicly listed way of figuring out how to earn from the foolishry of the people and their governments. You must be part of the in crowd. The billionaires, who in times of recession grow their earnings thousandfold.
Cuba should do everything they can to keep the fangs of the usurers at bay.
By the way, I know nothing and I'm drunks.
Is when the average Cuban has better bandwidth than the average US Citizen because they actually decided to build infrastructure
Yey! Lots of sex for China!
Linux is for people who don't mind RTFM.
Actually, check again, the first of the embargo's against Cuba were instituted under Eisenhower so you are literally incorrect there, and the Helms–Burton Act was named after Jesse Helms and Dan Burton for a reason. It did pass with enough of a margin that Clinton's veto might have been overridden, and I doubt he saw it as important enough to push the issue. It certainly wasn't a policy drive of his, and he did make use of the waiver provisions.
And a few years later, the Trade Sanctions Reform and Export Enhancement Act was instituted as well, though still under Clinton.
But no, do keep up with the mindless mindless mindless mindless blaming everything, everything, everything, everything, on Democrats.