Episode Details

Cuba’s bold economic overhaul introduces 176 free-market reforms, the biggest shift since the 1959 revolution, aiming to rescue the island from a deepening crisis fueled by U.S. sanctions and internal inefficiencies. For the first time, private firms can employ over 100 workers, citizens can own multiple businesses, and foreign investment can operate independently of state partners. Power outages and shortages of essentials underscore the urgency, while officials look to China and Vietnam for inspiration. Skepticism lingers among citizens, but the business community sees this as a potential lifeline — and with U.S. tensions still high, Cuba’s success could hinge on whether these changes truly turn the tide.

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