BBC: Cuba legalises small and medium private businesses
Cuba's government has announced that it is legalising small and medium-sized private businesses.
It is the latest stage of reforms begun when President Raul Castro took over from his brother, Fidel in 2008.
Raul Castro has been trying to stimulate Cuba's stagnant economy but has faced resistance from Cuban Communist Party hardliners.
With the restoration of relations with the US last year, Cuba is also opening up to foreign investment.
The government currently allows self-employment in several hundred job categories from restaurant owners to hairdressers.
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Update #1: Cuba to allow small and medium-sized private businesses (AP)
Update #2: Bartenders Are Winning Cuba’s Embrace of Capitalism, and Doctors Are Losing (Slate)
WNU Editor: When the Soviet Union started permitting small businesses to open .... I said to everyone that I knew it was going to be the end of Communism as we know it. I can now say the same about Cuba .... and I am not surprised that the hardcore Cuban Communists are opposing these measures .... they know only too well where this is all going to end..
1 comment:
They need to continue block big enterprise business and big capitals, and push little-medium business into co-operatives, or the social and welfare system fall for first before the rest.
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