cuba

By Brian George

Photo: Fredo_photo.

That the Financial Times and Wall Street Journal should wishfully, and inaccurately, hope Cuba’s recent economic policy changes represent an embrace of capitalism is not surprising. But in addition to this hostile analysis there has also been comment on these new economic policies that comes from friends of Cuba. As it comes from friends, the following comments are also meant strictly in that light of friendly discussion.

By Brian George

Photo: consumerfriendly

A great deal of media publicity has been given to the news that Cuba is to reduce state sector employment by half a million and transfer these workers to the non-state, including private, sectors. The eventual aim is to transfer about one million of Cuba’s state workers to the non-state sector.