The labour minister announces a major reform to the communist country's state-controlled economy.

uhh can anyone debunk this if it isn't true, or clarify if this is some dengist thing

Labour Minister Marta Elena Feito said the list of authorised industries had expanded from 127 to more than 2,000.

Only a minority of industries would be reserved for the state, she said.

  • leftcompride [none/use name]
    ·
    4 years ago

    Capitalism with open markets and competition is better than capitalism with state ownership, made up prices and closed markets, aka "AESC" .

    • PaulWall [he/him]
      ·
      4 years ago

      yes that is why china’s gdp growth has been so inefficient compared to USA

      • leftcompride [none/use name]
        ·
        4 years ago

        We're talking about Cuba, I know reading is hard, but try to keep up. No one here is even dumb enough to think that China is "socialist" in the same sense as Cuba. What was China's GDP growth like when they had an economic model similar to Cuba during Mao?