Market Capitalism Finds its Way to Cuba, Slowly

Tuesday, April 13, 2010

Small beauty salons, with 3 seats or less are being privatized in Cuba. Fidel Castro nationalized all small businesses in 1968 and now his younger brother, Raul Castro is trying to modernize the system without jumping to full scale capitalism. The move is significant for small business owners who are not accustomed to working for themselves and will now have to pay rent for their locations and pay taxes.

BBC reporter, Michael Voss is in Cuba and explains how this group of business owners will have to rethink the way they do busines. And Julia Sweig, director of the Latin America program at the Council of Foreign Relations explains the political significance of this move. 

Guests:

Julia Sweig and Michael Voss

Produced by:

Kate McGough

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