Cuba Liberalizes Economy as Economic Crisis and Protests Grow

[Kamaji]

Cuba Liberalizes Economy as Economic Crisis and Protests Grow

The island’s communist government announced it would allow foreign investors to enter its nationalized retail industry as it faces shortages, blackouts, and new protests.

ERIC BAZAIL-EIMIL
8.17.2022

In a major departure from established economic policy, the Cuban government has announced it will allow foreign investors into Cuba's retail and wholesale industries for the first time since Fidel Castro nationalized those industries in 1969.

The move comes as Cuba faces one of its worst economic crises and a new wave of protests against the communist government in Havana. Though the communist government had recovered much of its political footing since unprecedented protests broke out all over the island last July over quality of life and repression of artists and musicians, the regime has seen its standing slip over the last month. Protests have emerged across the country as Cubans have voiced their discontent with days-long blackouts that have hit rural and interior areas of the island. Notable videos have circulated on social media of protests in Santiago de Cuba, Cienfuegos, and Holguin provinces as Cuba have taken to the streets in the dead of night.

*  *  *

Source:  https://reason.com/2022/08/17/cuba-liberalizes-economy-as-economic-crisis-and-protests-grow/

[verga]

This will not end well for the communists. Eric Hoffer called this years ago. Once the people get a little taste of freedom they won't be satisfied, they will keep demanding more.

[GtHawk]

This is still Fidel's Cuba, how can any foreign investor trust them not to seize and nationalize anything once it starts being profitable?

[PeteS in CA]

Any company that invests a $ (Euro, etc.) into a country whose government has a record of nationalizing, hyper-regulating, or milking for money is a fool.