Cuba to end Soviet-style economy and will implement market friendly policies

Friday, July 27th 2012 - 05:17 UTC

Full article 6 comments

Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction. Read full article

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Yomp to victory
Is that'market friendly' according to the Venezuelan and Argentinian definition of 'market friendly'?
Jul 27th, 2012 - 11:45 am - Link - Report abuse 0
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JoseAngeldeMonterrey
As usual the fist people to benefit from economic reforms will be the communist party officials and their families, they will become the owners of hotels, shops and main businesses, pretty much the way things happen in China. Crony capitalism at its best.
Jul 28th, 2012 - 02:42 am - Link - Report abuse 0
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Truth_Telling_Troll
@1

Probably not the British definition. That would entail the investors ripping off the public.
Jul 28th, 2012 - 03:27 am - Link - Report abuse 0
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The Chilean perspective
It's a start and better than a kick in the nuts.
Jul 28th, 2012 - 04:50 am - Link - Report abuse 0
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ChrisR
I think to make everything go with a 'bang' they should put the two old farts who ruined the country up against a wall and execute the bastards.

Make a clean start for the rest of the country.
Jul 28th, 2012 - 08:54 pm - Link - Report abuse 0
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British_Kirchnerist
#1 In a word, yes =) The Cuban and new Latin American models of leftism seem to be converging, which is good. The Soviet system of state ownership of everything didn't work and socialism has to find new ways to progress in the 21st century

#5 But its them thats doing the the reforms! And the people don't seem to agree with you that they've “ruined the country”...
Aug 01st, 2012 - 07:06 pm - Link - Report abuse 0
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