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Cuba (GDP 1.5%) Enacts Economic Reforms

From BBC News:

Cuba National Assembly approves economic reforms

2 August 2011

Cuba’s National Assembly has given its backing to President Raul Castro’s plans to reform the country’s stagnating economy. The reforms, ranging from the setting up of small businesses to reducing bureaucracy, had already been agreed by the ruling Communist party.

Mr Castro also hinted that changes to the country’s controversial travel and emigration rules could be introduced. He said those attempting to undermine the reforms could face prosecution.

Mind you, communist Cuba is implementing all of these draconian measure while their economy is humming along at a GDP of 1.5%. Meanwhile, the GDP of the capitalist United States only grew 0.4% in the first quarter of this year.

The BBC’s Michael Voss in Havana says one of the biggest obstacles Mr Castro now faces is resistance from party bureaucrats who face losing their job under the changes.

Just like in our country. Though, to be fair, it’s quite understandable. Where will our politicians, with their woeful ‘skill sets,’ ever find employment in this economy?

But the president warned lawmakers that "bureaucratic resistance is useless".

If only we had a courageous leader like this. A man who puts country before party.

Mr Castro told parliament that the time had come for social and political reforms to be introduced. "Let’s clean our heads of all sorts of nonsense," he said.

Did you ever think the day would come when you would envy Cuba’s political leadership? When they would be far more sensible about economics than our own?

The measures the assembly was discussing in its twice-yearly session include cutting more than one million state jobs in a move to reduce Cuba’s vast bureaucracy and reducing the state’s role in areas such as agriculture, retail and construction.

Small private businesses will be encouraged to step in to fill the space, while state subsidies for goods and service will be phased out.

If the Castro brothers aren’t careful, they are going to be facing a ‘Mariel Boatlift‘ – going the other way.

Mr Castro also said the government was "working to orchestrate the modernisation" of the country’s migration policies

Don’t tell Eric Holder or the ACLU. Or they will sue you.

Mr Castro said the rules had "played a role in their time and endured unnecessarily".

We need a Castro to run for the Presidency in 2012. We’ll find the necessary documentation when the time comes.

This article was posted by Steve on Tuesday, August 2nd, 2011. Comments are currently closed.

4 Responses to “Cuba (GDP 1.5%) Enacts Economic Reforms”

  1. BigOil says:

    Castro better be careful. If he continues moving toward capitalism, Barry may impose additional sanctions on Cuba.

  2. Reality Bytes says:

    I feel like a passenger on the Titanic.

    “Stay Calm! All is Well! Pay no attention to the abyss coming over the bow!”

    I’ll tell you this, the only thing that has kept the world from brutal totalitarianism is America. When we are finished so to will civilization as we know it.

    Yes, it’s that bad.

    • Rusty Shackleford says:

      RB, I have been playing a mental exercise all by myself. In that exercise, the nations of Yurp and that bastion of Caribbean beauty that is Koo-ba have gone capitalist. The Soviet Union has returned with some capitalism…they make shoes for the rest of the world. Good, solid, cheap shoes. But while the brainiacs in the US are confused as to why socialism isn’t working for the masses, not that they’d care, they also wonder why no one in the military anymore has any desire to achieve, and why companies are leaving the nation so fast that they aren’t even clearing out their warehouses anymore.

      The old argument “Some socialism is necessary” may be true. After all, speed limits and boat registrations may be good ways to keep us safer. I could debate….but….the rock-hard socialist/communist nations are learning that in order to get anywhere economically, you have to produce things and sell them on the open market. However, the people who buy all that are from more capitalist places….with the US being the biggest buyer because they are allowed to do as they please with their money.

      So, if China is all for the US collapsing into socialism…they’d better think again. Because all those widgets they make for us to buy at record low prices will be sitting in their warehouses when Americans run out of money because our government took it all. See, there are some people in China who make a little bit of money….but they are now becoming part of a very new thing in China…a middle class….and they are rebelling as expected. Not that you’d read about it in the news. But the budding middle class is busting their collective ass to make China rich..and they aren’t all that happy about it.

  3. eaglewingz08 says:

    Cuba’s GDP increase is greater than Obama’s great work Barry.

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