The U.S. need not worry that a strategic embargo will damage private industry in Cuba. It no longer exists.
After an all-night Cabinet session last week, the government nationalized 382 businesses, including 105 sugar mills, 13 department stores, 18 distilleries, 61 textile factories, eight railways and all banks, save the Royal Bank of Canada and the Bank of Nova Scotia. Next day it abolished ownership of apartment houses in effect, by decreeing that tenants who continued paying rents for another five to 20 years (depending on the building's age) could thereafter take permanent possession.
Thus ended Cuba's long association with free enterprise. Having...
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