Cuba is in a similar place as a sugar based economy, with fewer natural resources, and they managed to diversify to provide essential services in a way that Venezuela hasn't. Venezuela seems to just be trying to get the oil magic back. "Skill issue" as the kids say but not every place is lucky enough to get a Castro
Cuba had the advantage of being run by an ML party and having consistent trading partners via the USSR et al for decades, focusing on building up industry. They are still very poor due to the sanctions, but do far better than their neighbors (like Haiti) because they can prioritize healthcare, food, community well-being, etc.
Venezuela was never socialist, just had a SocDem party in power that tried to nationalize the oil industry, and were basically SOL when the sanctions regime hit. Chavez was actually trying to diversify, especially food production, but they had maybe 1 or 2 years to do so, tops.
Cuba is in a similar place as a sugar based economy, with fewer natural resources, and they managed to diversify to provide essential services in a way that Venezuela hasn't. Venezuela seems to just be trying to get the oil magic back. "Skill issue" as the kids say but not every place is lucky enough to get a Castro
Cuba had the advantage of being run by an ML party and having consistent trading partners via the USSR et al for decades, focusing on building up industry. They are still very poor due to the sanctions, but do far better than their neighbors (like Haiti) because they can prioritize healthcare, food, community well-being, etc.
Venezuela was never socialist, just had a SocDem party in power that tried to nationalize the oil industry, and were basically SOL when the sanctions regime hit. Chavez was actually trying to diversify, especially food production, but they had maybe 1 or 2 years to do so, tops.