Communist Cuba Opts For Capitalism To Boost Economy
I find this to be quite amusing. While Chavez and other idiots are trying to hail Cuba as the model of a socialist/ communist economy that they want to copy, the Cubans are trying to embrace capitalist principles.
Raul and Fidel are wanting to reduce the role of the national government in the economy, they also want to encourage entreprenuership, encourage people to borrow money to raise capital for their businesses, they want micro-industries to hire employees etc.
Dunno about you, but to me, it almost sounds like Raul and Fidel are closet Republicans. I don’t think I mean that in a bad way either.
Cuba has announced radical plans to lay off huge numbers of state employees, to help revive the communist country’s struggling economy.
The Cuban labour federation said more than a million workers would lose their jobs – half of them by March next year.
Those laid off will be encouraged to become self-employed or join new private enterprises, on which some of the current restrictions will be eased.
Analysts say it is the biggest private sector shift since the 1959 revolution.
Cuba’s communist government currently controls almost all aspects of the country’s economy and employs about 85% of the official workforce, which is put at 5.1 million people.
As many as one-in-five of all workers could lose their jobs.
“Our state cannot and should not continue maintaining companies, productive entities, services and budgeted sectors with bloated payrolls and losses that hurt the economy,” the labour federation said in a statement.
“Job options will be increased and broadened with new forms of non-state employment, among them leasing land, co-operatives, and self-employment, absorbing hundreds of thousands of workers in the coming years,” the statement added.
President Raul Castro has said the state’s role in the economy must shrinkRead more at www.bbc.co.uk