Cuban Capitalism

September 2022 Forums General discussion Cuban Capitalism

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  • #232255
    alanjjohnstone
    Keymaster

    Rules on foreign ownership relaxed

    Deputy trade minister Ana Gonzalez Fraga said foreign investors would be allowed to fully own Cuban wholesalers for the first time since Fidel Castro’s 1959 revolution, while retailers could enter into public-private ventures. Previously, foreign investment in Cuba was only allowed in domestic manufacturing and the service sector.

    https://www.dw.com/en/cuba-to-allow-foreign-investment-in-wholesale-and-retail-trade/a-62830149

    #232256

    That process has been implemented since the times of Fidel Castro, one of the foreign capitalist emissary was John Paul II . Several Spanish capitalists invested in Tourism and the hotel industry, the capitalist state and the foreign investor share the profits. Cuban and Dominican tourism took the place of Puerto Rico which was like Las Vegas in El Condado. It has a Malecon like in Santo Domingo and Habanas. The American Sicilians mafias was replaced by the European mafias. The Russian organized crimes is making large investment in Latin Americas and the Caribbean islands

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