Cuba moves backwards: New regulations likely to impede private sector growth

https://www.brookings.edu/blog/orde...tions-likely-to-impede-private-sector-growth/

Ordinary people in Cuba just can't catch a break.

In a leap backwards, the Cuban government has published a massive compendium of tough new regulations governing the island’s struggling private enterprises. The new regulations—the first major policy pronouncement during the administration of President Miguel Díaz-Canel—appear more focused on controlling and restricting the emerging private sector than on stimulating investment and job creation, more concerned with capping wealth accumulation than in poverty alleviation.

Click to expand...

The extensive, highly detailed regulations, which go into effect in December, read like “the revenge of the jealous bureaucrat.” Drawing on a multitude of ministries and operating at all levels—national, provincial, and municipal—interagency committees will now be empowered to authorize, inspect, and regularly report upon private businesses under their jurisdictions. The regulations are replete with astoundingly specific performance requirements and innumerable legal breaches that seem crafted to allow government officials wide discrimination to impose heavy fines (or extort bribes), suspend licenses, and even seize properties.

Click to expand...

since when did 'conservatives' become concerned about anyone effected by poverty, particularly in Cuba?

thread fail ............. :failpail: ............. but thanks for the laughs ..........

SDET said:

https://www.brookings.edu/blog/orde...tions-likely-to-impede-private-sector-growth/

Ordinary people in Cuba just can't catch a break.

Click to expand...

Seems backerds, fidels screwed up that country, raul was reversing it but at a slow pace, which was the safest way, I really hope their new govt does not try and go back to the fidel days.

cuban smokes said:

since when did 'conservatives' become concerned about anyone effected by poverty, particularly in Cuba?

thread fail ............. :failpail: ............. but thanks for the laughs ..........

Click to expand...

Simple. Conservatives support people who EARN success. In Cuba, there are people who should be financially successful, but the government either blocks it or takes it. It's really slippery how they do stealth eminent domain. There was a guy with a good building location that collected leftovers from places that serve food and resold it as pig slop. He got thrown out on the street, having his home and business location confiscated. He was accused of "financial irregularities" without the any specific violation being mentioned. The location soon was converted to a Social Security office. This kind of thing is commonplace in Cuba. You seem OK with it.