Cuba Cuts Back On Rationed Products

 

PAUL HAVEN

HAVANA (AP) — Cuba has cut two staple foods from the monthly ration books that most islanders depend on, edging closer to a risky full elimination of the decades-old subsidies.

Potatoes and peas were dropped from the list of rationed foods this week, meaning Cubans can buy as much of the products as they want — as long as they are willing to pay as much as 20 times more than they used to.

The move comes amid efforts by Raul Castro's government to scale back Cuba's subsidy-rich, cash-poor economy. Nearly free lunches were eliminated from some state-cafeterias in September. In October, the Communist Party's Granma newspaper published a full-page editorial saying the time had come to do away with the ration books altogether.

Authorities say their goal is to encourage more productivity and free the state from a crushing economic burden. Critics — including some on the streets of Havana — argue that the moves break with what had been a sacred covenant of the revolution Fidel Castro led in 1959: that socialism would not make people rich, but would provide all Cubans with at least the basics.

  • Loading Comments...
  •  
< Previous
1 2 3 4

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,318.16 1,091.38 2,146.04 33.56
Oil *
77.53
DOWN
14.28
DOWN
3.52
DOWN
10.78
UP
0.07
10 Yr
3.36%
SPDR Gold
112.94
-0.14%
-0.32%
-0.50%
+0.21%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services