PINAR DEL RIO


support babalú


Your donations help fund
our continued operation

do you babalú?

what they’re saying


bestlatinosmall.jpg

quotes.gif

activism


ozt_bilingual


buclbanner

recommended reading





babalú features





recent comments


  • Henry Louis Gomez: So I know who the come mierda in the picture is but what’s that ray gun looking thing on the desk?

  • Rayarena: No surprise there. It’s always been about missed opportunities. I remember years ago reading comments from a lout who was...

  • marc in calgary: If B. Hussien came out of his closet and told us he actually hated the USA, what would he have done different? When...

  • asombra: But you know what? When it’s all said and done, a case could be made that Cubans have brought this upon themselves, both...

  • OmarD: To anybody in the Tampa Bay area reading this: There will be a get together tomorrow at 5:00 P.M. at the Brothers to the Rescue...

search babalu

babalú archives

frequent topics


elsewhere on the net



realclearworld

The ‘reforms’ of Cuba’s apartheid Castro dictatorship are nothing more than a farce

Via Capitol Hill Cubans:

The Farce of Castro's "Reforms"

Today, the Financial Times observed regarding Castro's "reforms":

"The Communist Party passed a more than 300-point plan to 'update' the economy in 2011, which included moving 20 per cent of five million state workers to a non-state sector made up of farms, small businesses, co-operatives and joint ventures.

Yet to date the reforms have not led to increased growth which is expected to come in at 2.2 per cent this year, compared with 2.7 per cent in 2013."

We'd correct the FT in that the "farms, small businesses, co-operatives and joint ventures" it's referring to are still owned by the state.

Thus, it is not a "non-state sector."

Of course, the reason for the negative results is that Castro's so-called "reforms" -- like his "new" foreign investment law -- are farcical.

And just imagine if Venezuela's subsidies were subtracted from the equation.

As a foreign businessman with years of experience in Cuba correctly told the FT:

"What Cuba really needs to attract investment is a functioning economic system."

1 comment to The ‘reforms’ of Cuba’s apartheid Castro dictatorship are nothing more than a farce