Cuba is currently experiencing a deep crisis, with frequent power and water outages, and severe shortages of food, fuel, and medicines. In response, some wealthy Cuban-Americans living in Miami are preparing for a post-Castro future. According to The Wall Street Journal, members of this group are considering investing billions of dollars in rebuilding Cuba and forming a transitional government after the fall of the communist regime. Some have connections with the Trump administration, which is reportedly seeking political support, private investment, and ideas for Cuba’s future. Senator Marco Rubio, a Cuban-American and Secretary of State, has promised to end Castroism, and some in Miami see this as a pivotal moment, comparing it to the fall of the Berlin Wall.
Over the past ten months, the U.S. government has taken steps to pressure the Cuban regime, including imposing a petroleum embargo, tightening sanctions, and facilitating a meeting between Cuban officials and the director of the CIA in Havana. Senator Rubio has reportedly tried to negotiate with a grandchild of Raúl Castro for a smooth transition, but these talks have not been successful. Meanwhile, some in Miami are developing plans for a Cuban stock exchange and an investment summit in Havana. Others are forming a provisional government, hiring engineers to study floating power plants, and planning strategies to repair the country’s aging infrastructure.
Jorge Mas, a billionaire businessman and co-owner of the football club Inter Miami, reportedly told former President Donald Trump that his wealthy Cuban-American friends could raise about $90 billion—roughly 80 billion euros—to help revive the country during the first three years of transition. Many of those organizing these plans left Cuba after the 1959 revolution, and their children grew up with the hope of reclaiming properties and businesses that were taken by Fidel Castro. However, The Wall Street Journal notes that the voices of ordinary Cubans are largely missing from discussions about the country’s future.
Economist Ricardo Torres Pérez, who fled Cuba and now campaigns for the Democratic Socialists of America in Miami, says Cuba is facing a "structural collapse." He adds that the crisis has sparked both fear and hope among Cubans, who are asking, “What will we become when everything explodes?” As the situation continues to unfold, the role of Cuban-Americans in shaping the island’s future remains a significant, if controversial, factor.
Cuban-Americans Prepare for Post-Castro Transition Amid Crisis
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