Economy
Related: About this forumCommunist-run Cuba to recognize private property in new constitution
Communist-run Cuba will officially recognize private property, something it has long rejected as a vestige of capitalism, under a new constitution that also creates the position of prime minister alongside the president, state media reported on Saturday.
Cubas current Soviet-era constitution, enacted in 1976, only recognizes state, cooperative, farmer, personal and joint venture property.
Former President Raúl Castros market reforms, aimed at trying to boost the economy and make Cuban socialism more sustainable. Miguel Díaz-Canel, who succeeded Castro on April 19, had pledged continuity.
These reforms have prompted hundreds of thousands of Cubans to join the ranks of the islands self-employed since 2010, in new privately-owned businesses ranging from restaurants to beauty salons.
At: https://www.reuters.com/article/us-cuba-politics/communist-run-cuba-to-recognize-private-property-in-new-constitution-idUSKBN1K4108
Jpak's thread on LBN: https://www.democraticunderground.com/10142109537
Cuban President Miguel Díaz-Canel and his predecessor, Raúl Castro. Toward market socialism?
yallerdawg
(16,104 posts)capitalism must run its course EVERYWHERE.
THEN its failings will be inevitable, and the historic revolution/evolution will be GLOBAL.
ALL the remaining communist governments have incorporated a variety of capitalism's incentives for exploitation. They know.
sandensea
(21,664 posts)Market socialism - with strong oversight to preclude corruption - is another good option, I think.
Particularly for poorer countries that need the public sector as a prime mover because the private sector is usually too chickenshit to make the first move ("Mommy, mommy! I lost money!" ).
I hope these reforms can work for them. They should, I think, although results can be unpredictable from country to country.
yallerdawg
(16,104 posts)Oh, with some righteous regulation it will be just fine!
Capitalism requires exploitation. Have and have-nots. That's its nature.
No one is happy or content with being exploited.
sandensea
(21,664 posts)And it may indeed very well collapse - thanks to the sociopaths that run most finance and big business, and the kleptomaniacs that run much of our government (from Cheeto on down).
I hope not though. Because while we may indeed some day transition to something more cooperative and more constructive, the collapse itself will almost certainly be disastrous - probably not unlike a Mad Max movie.
Here's hoping we can reform our way out of this, with minor crises to be sure, but in a more humanist direction in any case.
All the Best.
sinkingfeeling
(51,473 posts)of the time in privately run restaurants. They were excellent and things ran so much more smoothly than at the state owned places.
I'm so happy that Diaz-Canel is following the lead of Raul. Most Cubans I spoke with feared he would turn back the reforms.
sandensea
(21,664 posts)It's helped in many developing countries where the domestic private sector is still too poor to move the economy in a big way by itself, and where foreign investors generally have only maquiladoras and/or money laundries in mind.
Díaz-Canel's approach seems much more balanced, and I hope it works for them.
That said, kudos for your trip to Cuba! Please consider sharing some photos with us when you can.
¡Salúd!