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Charley Stewart
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US capital markets, prior to the Castro revolution, provided funding for many corporations and their activities in Cuba. These corporations were usually organized in the US but controlled assets in Cuba...one of the thorns in the side of Cuban nationalists who wanted less US influence on daily activities in Cuba and ownership of Cuban property to be held by Cubans, not US citizens. Nationalization of US assets in Cuba by the Revolutionary Government of Cuba peaked between 1960 and 1962.

It is anticipated that there will be a return of enlightened capitalism to Cuba in the coming years. Cuba will probably move towards a social democracy similar to Scandinavian countries as Cuba continues to enter the global market economy. It is unlikely Cuba will, in the near future, embrace the US vignette of capitalism.

The global capital markets are witnessing the beginnings of securities exchanges in Shanghai and Vietnam. When corporate Cuba is rebuilt, Cuba might very well have a tightly regulated securities exchange within 10 years, if for no other reason, to allow liquidity for all the joint ventures and investors (Spanish, Mexican, German, English, Canadian, Italian, French, Israeli, etc.) pouring billions of US dollars of capital investments into Cuba today.

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