19 December 2010

CUBA: Economists Say Massive New Reforms Are Too Much, Too Fast.

M.HERALD/ Juan Tamayo /

   Cuba’s plan to lay off 10 percent of its workforce is scaring the populace as support for it starts to melt away.
   Now some Cuban and foreign economists say it’s too much, too fast.
   “They got it ‘bass-ackwards’ said Canadian economist Archibald Ritter. "They are laying off first and hoping and praying that the small private sector is going to expand enough to absorb them."
     Even the leftist International League of Workers blasts the layoffs as “a classic capitalist plan’’ and adds: “The true defense of socialism in Cuba today means supporting the workers against this plan and ...demanding the right to strike.’’