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Tuesday, 11 December 2012

Cooperative Cuba

The new law on Cooperatives was approved today. Some 200 types of enterprise will now be open to be run by workers' cooperatives. The UK's Financial Times story is HERE.

Richard Fineberg, a non-resident senior fellow of the Washington-based Brookings Institution and author of its recently released report: 'The New Cuban Economy: What Roles for Foreign Investment?' says:
“This opens the door to exciting social innovations, potentially creating a large sector of the economy that would be neither entirely capitalist nor state-socialist but uniquely Cuban – grassroots, democratic, and productive.” Hear, Hear!

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