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Rubio recently said in an interview: "Cuban people can succeed all over the world, but not in Cuba itself—"
This statement seems to criticize Cuba on the surface, but in reality, it’s a universal key—swap out the country name and it still holds true. The problem has never been the people; it’s the system. People are like water, systems are like pipes; if the pipes are blocked, no matter how good the water is, it can’t flow out.
So where are the most talented people gathered in the world? Where the system is most efficient. Where capital is most willing to go? Where rules are most predictable. This isn’t about ideology; it’s about the logic of money.
Extending this to the market: why are U.S. dollar assets a long-term global stabilizer? It’s not because Americans are smarter; it’s because the framework of property rights, contract enforcement, and free capital flow makes the world’s smartest people willing to bet on it.
Rubio is criticizing Cuba. But for those who understand this sentence, they see a bigger game.
#卢比奥 #Cuba #制度经济学 #Capital Flow #Macroeconomic Thinking