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Caribbean-Latin America
Pres. Trump Defeats Castro Communists: Cuba Set to Open Up Its Economy
2021-02-09
[PJ] Well, I did not see this coming. The BBC reports that Cuba is about to open up most of its economy to private ownership.

Cuba!

Cuba has announced it will allow private businesses to operate in most sectors, in what is a major reform to its state-controlled economy.

"...major reform..."? It’s the communists admitting defeat. Because:

The communist country’s economy has been hit hard by the pandemic and US sanctions introduced by the Trump administration.

Last year its economy shrank by 11% — its worst decline in almost three decades — and Cubans have been facing shortages of basic goods.

Well, we did have toilet paper shortages here, but that was mainly because people panic-hoarded when they didn’t need to. It wasn’t due to decades of abusive state policy.
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