The U.S. decision to lift travel restrictions on Cuba is a welcome step. But it does not go far enough.

It is high time to get rid of one of the last legacies of the cold era. It is time to go all the way and lift the embargo on Cuba. The embargo is not only a form of collective punishment against the Cuban people, but is remnant of the imperious notion that the U.S.-led world capitalist economy is better or the only way to progress and prosperity. The global recession, and the collapse of many institutions in the U.S. and beyond, have made the claim of the ultimate and irreversible victory of capitalism both outdated and ridiculous.

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