Cuba Legalizes Purchase, Sale Of Private Property

[white_wolf]

What do you all think this holds for Cuba's future?

Castro has also allowed citizens to go into business for themselves in a number of approved jobs — everything from party clowns to food vendors to accountants — and has pledged to streamline the state-dominated economy by eliminating half a million government workers.

Cuba's employs over 80 percent of the workers in the island's command economy, paying wages of just $20 a month in return for free education and health care, and nearly free housing, transportation and basic foods. Castro has said repeatedly that the system is not working since taking over from his brother Fidel in 2008, but he has vowed that Cuba will remain a Socialist state

Full article: http://www.npr.org/2011/11/03/141971007/cuba-legalizes-purchase-sale-of-private-property

[Laluchacontinua]

1. I think it holds Haiti. BTW, since 60% of singapore's economy is state-owned, why do

we never hear our capitalist leaders calling for overthrow of the communist singapore dictatorship?

oh, right, because singapore's in our pocket.

[jaysunb]

2. Hang in there Amigos !

There CAN be a balance of socialism AND capitalism. :thumbsup:

[leveymg]

3. Great, just as the Federal Reserve buys half the bad stocks on Wall Street.

This world is collapsing into an event horizon on a Black Star. Every system regresses to its mean.

[TBF]

4. If this country can be held up as an example I predict that those folks are going

to have a very low standard of living soon.

[Throd]

5. MTV's Rockin' Havana Cabana Spring Break Special

[mwrguy]

6. This is the beginning of the downfall of Cuba

:(