Cuba Legalizes Private Companies, Foreshadowing Currency Unification

Cuba Legalizes Private Companies, Foreshadowing Currency Unification

Cuba announced yesterday the next step in its economic transition by allowing private businesses to have legal status. Previously, the communist government permitted individuals to operate as self-employed workers under several hundred clearly-defined roles such as taxi driver. The latest announcement will likely take months to become law. “Private property in certain means of production … Read more