Episode Details

Cuba’s economy is undergoing a seismic shift as the government rolls out sweeping reforms to unleash private enterprise, allowing foreign investment in real estate and letting domestic firms trade directly with the world—bypassing state control. After months of crisis fueled by a U.S. fuel embargo, these long-announced changes are now official, empowering private businesses to operate overseas, hire over 100 employees, and even own banks, pharmacies, and gas stations. President Diaz-Canel insists this isn’t capitalism—but a socialist safeguard. With 15,000 private firms already filling critical gaps in food and fuel, Cuba’s economic future hinges on how these bold moves unfold.

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