— Jorge MartÃn, marxist.com
At the end of July, a series of economic measures were announced in Cuba, amongst them opening up the retail sector to foreign investment and the opening of a new official currency exchange rate. In order to comprehend the meaning of these measures and their possible impact and consequences, we need to understand the background to the very dire economic situation in the island.
Continue reading Cuba: Scarcity, blackouts, migration — will the new economic measures help?