With its socialist economy teetering on the brink of collapse, Cuba’s Castro dictatorship still refuses to reform. Doubling down on the failed socialist policies that have brought the Cuban people sixty years of rationing, poverty, and misery, the socialist Cuban regime announced yesterday it is imposing price controls on the island.
Communist-run Cuba on Tuesday imposed sweeping price controls on all state and private businesses as it battles a deepening economic crisis and mounting U.S. sanctions.
Resolutions published in the official gazette banned all retail and wholesale price increases except for products imported and distributed by the state where already-set profit margins cannot be increased.
“In effect they have suspended what there is of a market,” a Cuban economist said, asking not to be identified due to restrictions on talking to foreign journalists.
Continue reading HERE.
IMPORTANT DISCLAIMER: The political opinions that are expressed in the re-published articles from other information media are not necessarily shared by the editors of ReporteroCubano.Net. | Visit the source for more information