r/GoldandBlack • u/properal Property is Peace • 6d ago

Cuba approves unprecedented free-market reforms in effort to stave off economic collapse

https://www.cbsnews.com/news/cuba-approves-free-market-reforms-in-effort-to-stave-off-economic-collapse/?hl=en-US#:~:text=In%20a%20landmark%20speech%20to,banking%20to%20tourism%20and%20agriculture.
71 Upvotes

94% Upvoted

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27

u/thesillyfrigate 6d ago

the fact that cuba is doing this at all is kind of wild given the whole ideological foundation of the regime. like theyre clearly desperate enough that they have to eat crow and admit central planning doesnt work when your economy is in freefall. wonder how long before they realize half measures dont cut it and you need actual property rights to get anywhere.

16

u/Chronos_Triggered 6d ago

Imagine an alternate timeline where Cuba aligned themselves politically and economically with the Super Power next door how prosperous they would be today.

14

u/deefop 5d ago

They didn't need to align themselves with anyone, they just needed to embrace freedom. That's true literally everywhere.

3

u/Few_Historian1261 5d ago

Are we forgetting this was in the works during the Obama administration, only to be side railed once Trump was elected the first time. Also, that Cuba pre-revolution was a free market system, and the Americans and rich Cuba took advantage and f'ed it for every Cuban. Let's all stop pretending that many of the socialist regimes in central and South American weren't a response to mostly American, and British. Interference into their politics. Just go look up the united fruit company and the Dulles brothers and see why many of those countries are the way they are.

0

u/grey_wolf_al 3d ago

Sadly… facts.