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Message
Cuba passes sweeping free-market reforms
Posted on 6/21/26 at 11:30 pm
Posted on 6/21/26 at 11:30 pm
I didn’t see this discussed here yet.
PBS - Cuba biggest economic shift since fall of Soviet Union
quote:
The 176 measures aim to further decentralize Cuba's state-run economy, which has been left gasping by a tightened embargo under President Donald Trump. Under the island's current economic model, the government largely determines what is produced, who produces it, the prices at which goods are sold and how the country's resources are allocated.
The plan includes more space for private businesses, imports and exports without state intermediation, free hiring of personnel, authorization for private banks and investment by Cubans abroad. It even permits fast-food chains to establish themselves on the island.
Cuban President Miguel Díaz-Canel said that the proposed measures were based on an analysis of the Vietnamese and Chinese models, communist countries with market economies.
PBS - Cuba biggest economic shift since fall of Soviet Union
This post was edited on 6/21/26 at 11:31 pm
5
Posted on 6/21/26 at 11:33 pm to kingbob
I’ve been to Cuba.
I just don’t see a way where the free market and private property can occur, but this appears to be a great step in the right direction.
I just don’t see a way where the free market and private property can occur, but this appears to be a great step in the right direction.
Posted on 6/22/26 at 5:26 am to BamaCoaster
quote:
I just don’t see a way where the free market and private property can occur
I rarely (if ever) think about Cuba and so admittedly do not know much of its history and workings.
Why do you say/think this?
Posted on 6/22/26 at 5:42 am to BamaCoaster
quote:
I just don’t see a way where the free market and private property can occur,
Not quickly.
They have been oppressed for 70 years, it will take years to reverse it.
I will help by buying a few of their 1950s cars though
Posted on 6/22/26 at 5:50 am to Laugh More
quote:
Why do you say/think this?
So, communists took over like 70 yrs ago, and scooped up all land/property/businesses.
Now, 70 yrs later, let’s say that we force them into restoring property rights. Who does that land belong to? Business? Home? Will your family be given first rights to it, and if so, how will it go? To a bid or an “x” amount? What if your family doesn’t have the capital? Does it then go to the highest bidder? Similar to the Soviet Union, it’ll create oligarchs. It’ll be messy, regardless of the solution.
Posted on 6/22/26 at 6:11 am to BamaCoaster
It’s gotta start somewhere.
The alternative is remaining oppressed?
The alternative is remaining oppressed?
Posted on 6/22/26 at 6:14 am to BamaCoaster
quote:
Now, 70 yrs later, let’s say that we force them into restoring property rights. Who does that land belong to?
Those FL Cubans who have been so loyally anti-Communist Republican for so long might not like the answer.
Posted on 6/22/26 at 7:02 am to kingbob
This was only a matter of time. It's as good a surrender as you are going to get right now and it will be pretty damned good because these reforms will keep happening
Posted on 6/22/26 at 7:08 am to kingbob
Well at least it’s progressing in the right direction. Maybe this is best since the people are so indoctrinated. Take it slow.
This post was edited on 6/22/26 at 7:09 am
Posted on 6/22/26 at 7:44 am to Laugh More
quote:quote:
I just don’t see a way where the free market and private property can occur
I rarely (if ever) think about Cuba and so admittedly do not know much of its history and workings.
Why do you say/think this?
ATP they don't know anything other than what they do. Lack of education other than communism. Sure it's natural when they come here and succeed, but the infrastructure is there for them to flourish with.
We'll need to make sure there are successful American Cubans that dedicate their lives to going there and teaching the future gens how to live a different life their parents only know if.
Sure their are a few older people who can still speak of "the old days" but they can't do anything to really fix the problem at this point.
If we don't support this then people will look at it as a failure on capitalism because things didn't permanently change within the people within a couple of years. We can't just throw a bunch of resorts at the problem to fix it long term.
VE is going to take time to fix, but not as long as socialism was only there for 25ish yrs. Colombia can get on track faster cause they only had one term with their far-leftie prez.
Posted on 6/22/26 at 8:07 am to kingbob
Open a beach or 2 and allow for cruise ships to enter ports, who knows how fast it will turn around.
Posted on 6/22/26 at 8:30 am to BamaCoaster
See Russia. They'll figure out a way to carve up the economy and give significant portions to the power brokers.
Posted on 6/22/26 at 8:34 am to ksayetiger
quote:wouldnt mind an all original F100
I will help by buying a few of their 1950s cars though
Posted on 6/22/26 at 8:36 am to BamaCoaster
quote:
Who does that land belong to? Business? Home? Will your family be given first rights to it, and if so, how will it go?
Will be given to high ranking bureaucrats in the communist party of course.
Posted on 6/22/26 at 8:43 am to BamaCoaster
quote:
Now, 70 yrs later, let’s say that we force them into restoring property rights. Who does that land belong to? Business? Home? Will your family be given first rights to it, and if so, how will it go? To a bid or an “x” amount? What if your family doesn’t have the capital? Does it then go to the highest bidder? Similar to the Soviet Union, it’ll create oligarchs. It’ll be messy, regardless of the solution.
Yea like with the Soviets the high level party officials will be given ownership of the industry they were tasked to oversee. Partly because they were party loyalists and partly because they have some knowledge on how to manage it.
Posted on 6/22/26 at 8:50 am to kingbob
If Cuba were to ever completely open up- I’d be interested to see the economic impact on the Bahamas.
Posted on 6/22/26 at 9:04 am to Hayekian serf
quote:
If Cuba were to ever completely open up- I’d be interested to see the economic impact on the Bahamas.
Or the Domincan Republic and Puerto Rico.
Posted on 6/22/26 at 9:08 am to Hayekian serf
The ownership issue of assets has been contested in the courts to no avail.
Office Depot, when they bought Office Max, when they bought Boise Cascade, actually has the rights to the power grid in Cuba....good luck with that.
Office Depot, when they bought Office Max, when they bought Boise Cascade, actually has the rights to the power grid in Cuba....good luck with that.
Posted on 6/22/26 at 9:08 am to BamaCoaster
Simple, Kinda. Government should return to owners, or sell it for them and give the proceeds to the living heirs of original property owners
Posted on 6/22/26 at 9:22 am to Laugh More
quote:
I just don’t see a way where the free market and private property can occur
I rarely (if ever) think about Cuba and so admittedly do not know much of its history and workings. Why do you say/think this?
I’m thinking that if I’m a Cuban and I hear the brutal deadly government tell me “you can start a business and we won’t punish you”:
1. With what capital?
2. You’re going to execute people who do this in a couple months. No thanks.
And if I’m McDonald’s or Walmart, I’m thinking:
1. Nobody can afford me there.
2. You’ll seize my goods and facilities in a few months and kick me out.
This post was edited on 6/22/26 at 9:26 am
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