Cuba releases new economic guidelines without major changes
Source: AP
Cuba's ruling Communist Party released a new set of economic guidelines Tuesday that emphasize the slow-moving and limited nature of the country's reforms amid a sharp national economic downturn.
The guidelines "recognize the objective existence of market relationships," but they also restate Cuba's commitment to a centrally planned economy.
The 274 rules say concentration of property and wealth will not be permitted and promise to advance internet service only "gradually, according to our economic possibilities," in one of the world's least-connected nations.
They update a document that laid out President Raul Castro's vision of economic reform at the Cuban Communist Party's twice-a-decade congress in 2011. Those reforms have allowed growth of tens of thousands of private businesses ranging from self-employed cobblers to high-end restaurants and small boutique hotels.
Read more: https://www.yahoo.com/news/cuba-releases-economic-guidelines-without-major-changes-195837153.html
hack89
(39,171 posts)A centrally managed economy ensures everyone is equally poor.
Except the ruling elite of course.
Adrahil
(13,340 posts)Fucking hypocritical asshats.
erpowers
(9,350 posts)So, does this mean that even if/when Fidel and Raul Castro leave power/die Cuba will remain a Communist country? I thought the whole point of the Cuban Embargo was to cause the Castro regime to lose power, which would then cause Cuba to revert back to a Capitalist country. This makes it seem as if when the Castro regime loses power the Communist Party will remain in power.