Cuba legalises sale of private property

Cuba's government has given its citizens the right to buy and sell their homes for the first time since the 1959 revolution.

The long-awaited reform, published on Thursday in the government's Official Gazette, is one one of the most substantial reforms introduced by Raul Castro, Cuba's president, to liberalize the island's Soviet-style command economy while maintaining the communist system..

Phil Peters, a Cuba expert at the Lexington Institute in Arlington, Virginia, said the move could have broad
ramifications for the Cuban economy, where the cash-strapped government is encouraging the growth of self-employment as it attempts to cut a million jobs from its bloated payrolls.

"The ability to sell houses means instant capital formation for Cuban families. It becomes a source of capital at the
grassroots level," Peters said. "It is a big sign of the government letting go."

Al Jazeera's Jesse Mesner-Hage reports.

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[TheMankindopinion]

@mispistoleros but they had paid the highest price! FREEDOM,,, is not worth it

[Shilohmx1]

Cuba will be annexed to our powerful Empire.

Cubans surrendered.

[tripleheshy]

I bet this news makes Michael Moore (Sean Penn, Cindy Sheehan, Roseanne Barr among others) cry.

[yatescj77]

Most supporters of Socialism in the US are little spoiled Middle and upper middle class kids thinking they are so smart but put the in a Socialist Communistic Country for 1 day theyd be saying how much they love the US and Capitalism and Democracy

[yatescj77]

America is in trouble now because it is taking a Socialist approach. China is only powerful because its biggest customer is the US and it has a half billion cheap proxy US Employees. And most dont see all the troubles that the Chinese people do have such as censorship and Human Rights Violations,

[yatescj77]

All you have to do to see the truth between the Capitalism vs. Communism is look at Cuba in 1956 and then look at Cuba in 1966. Case Closed. And China is only a Communist power because its Economy relies on US Consumerism. What has got the US in trouble as of late is government taking a bigger role.If the Government would back off and let Capitalism breathe instead of playing Big Govt Big Brother America could fix all of its problems.

[kocigezim]

lame ass country

[avit755]

What a joke !!! 

[S0ryiu]

@rimlanin and I'm saying that a communist party can easily become s fascist party. power can corrupt most men.

[rimlanin]

@S0ryiu I was talking about a Communist party. If a nazi party takes power, anything possible must be done to bring it out of power, as it is the most horrendeous government possible, even worse than capitalists.

[S0ryiu]

@rimlanin But you are ignoring the fact that the ideals of the party in control. let's say a racial supremecist group is the party in control and they instate laws that promote genocide?