Despite economic reforms and anti-corruption initiatives pursued by Fidel Castro’s successors, the kleptocracy established in the country’s 1959 communist revolution persists. Front companies controlled by the military and security services continue to dominate the Cuban economy. Although the regime blames US sanctions for the island’s ongoing economic and humanitarian crisis, recent reporting suggests that these regime-connected entities have illicitly hoarded billions of dollars.
While the secretive nature of Cuba’s regime means that the inner workings of its kleptocracy are not widely understood, the costs of corruption are fully apparent to Cuba’s population. Nationwide protests in recent years suggest that the regime’s kleptocracy, once a tool for entrenching its power, now undermines its legitimacy and has become a major vulnerability.
As the Trump administration indicates a “tough” new approach toward Havana, join Hudson for an expert discussion on how kleptocracy operates in Cuba and its implications for American policy.
Join Hudson Institute for a conference with leaders from industry, government, academia, and defense to discuss the latest developments in the US-China AI competition.
Join House Armed Services Committee Chairman Mike Rogers (AL-03) for a fireside discussion with Senior Fellow Nadia Schadlow on Congress’s role in revitalizing America’s defense industrial base.
Please join Hudson Institute for a special address on the current state-of-play by Ukrainian President Volodymyr Zelenskyy, who will join remotely, followed by a question-and-answer session on the war with Hudson Institute President and CEO John Walters.
Bill Frauenhofer, executive director for semiconductor investment and innovation at the US Department of Commerce, will join Hudson Institute Senior Fellow David Feith for an invitation-only fireside chat on semiconductor onshoring and the role of government capital in strengthening America’s technological and industrial leadership.
