Is Cuba Heading Towards Capitalism?December 21st, 2010
By Charing Ball, contributor, The Atlanta Post
Is this the end of socialism in Cuba as we know it?
The former beacon of socialist revolution and rebellion is now facing one of the most complex moments in its history. Raul Castro, who inherited the presidency from his brother Fidel, told legislators that as a result of the country’s economy woes, there would be some major changes next year, including a move toward more capitalist ventures that will help to bolster the socialist nation. Part of this plan includes laying off half a million government employees by March 2011. Laid off government employees will be encouraged to start businesses for themselves in hopes of boosting the country’s productivity.
No doubt that the most important issue for Cuba right now is the future of its economy, but in what direction should it go and more importantly, after being the lone wolf of communism, will capitalism be Cuba’s saving grace?
Read the rest at The Atlanta Post.