The Venezuelan Exception

Thursday, October 28, 2010
According to a Pravda analyst:

There will be no full transition to the market economy in Cuba in spite of the fact that the Cuban government takes efforts to attract foreign investments.

The current political regime in Cuba does not mix with market freedom of capitalism, and any reforms towards liberalization will be scrapped before they start to affect the ability of the Castros to hold power on the island.

Legal opportunities of foreign capital in Cuba are restricted as well. Foreigners are allowed to open only joint ventures there.

Citizens of Venezuela make the only exception from the rule. They are allowed to possess their businesses entirely. Strong political ties between Cuba and Venezuela is just another fact to prove that Castro is not going to drastically change the economic structure of his nation.