The reforms include slashing more than a million government jobs over the next few years, cutting subsidies, encouraging more private initiative, giving more autonomy to state companies, encouraging more foreign investment and reducing state spending.
Under President Raul Castro's plan, which included more than 300 reforms, one of the trademark features of the paternalistic socialist system -- the universal monthly food ration -- will be gradually phased out for those who do not need it.
Castro said on Saturday the ration given all Cubans since 1963 had become an "unsupportable burden" for the cash-short government trying to rationalize its finances.
Better than nothing I suppose. Raul realizes that their current system is unsustainable and has to be changed. Im willing to bet that Communist Cuba (as we know it currently) will no longer be communist in the next 10 years.
Cuban communists approve landmark econ reforms | Reuters