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BusinessCuba’s Communist Party approves opening economy in unprecedented move - Hasan Piker on suicide watch
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The emergency economic package comes amid an ongoing US pressure campaign that has left the island nation reeling.
Cuban President Miguel Diaz-Canel has acknowledged that some of the island's economic problems 'don't come from outside', a reference to foreign pressure campaigns [Getty]
By AFP and Reuters
Published On 18 Jun 2026
Cuba’s Communist Party has approved a raft of unprecedented free-market measures as part of an emergency economic package.
The package was submitted to the country’s National Assembly on Thursday, where it is all but assured to pass.
The plan would expand opportunities for private enterprise and create measures to attract additional foreign investment, including from Cubans abroad.
It could also set the stage for private real estate development on the Caribbean island and the transformation of state-owned businesses into private commercial ventures with shares and equity stakes. It would also allow private banks to enter Cuba’s once state-dominated finance sector.
The reform package signals a dramatic shift for Cuba, which is led by the Communist Party.
Speaking to the party’s Central Committee in a broadcast on Thursday, President Miguel Diaz-Canel said the country’s dire economic situation could not be blamed on external pressure alone.
For decades, the US has imposed a trade embargo on Cuba, weakening its economy. Since January, the US pressure against Cuba has increased, with the administration of President Donald Trump blocking fuel deliveries to the island.
But Diaz-Canel acknowledged that some of the present-day economic strife was due to domestic factors, referencing “obstacles that don’t come from outside, nor the blockade”.
He pointed to “slowness, bureaucracy and norms that impede those who want to produce” as well as “decisions that we have put off”.
“The situation calls for urgent and necessary changes,” he said.
On Thursday, the European Union also increased pressure on Cuba, passing a resolution that called for sanctions on Diaz-Canel and the leadership of Grupo de Administracion Empresarial SA, a business conglomerate operated by the Cuban military.
The EU resolution condemned what it described as “the systematic repression” by the Cuban government, while calling for “profound economic and political change”.
In his address, Diaz-Canel suggested there would likely be some opposition to the emergency economic plan from hardliners in the Communist Party, which has officially governed Cuba since 1965.
Some of the reforms, he said, “will not have absolute consensus, but cannot be postponed”.
Former Cuban leader Raul Castro, who was indicted by the US in May, has also backed the plan.
Trump administration officials, notably Secretary of State Marco Rubio, have repeatedly said that economic reforms could ease Washington’s pressure campaign against the island. But the US did not immediately respond to the latest moves.
Meanwhile, US Vice President JD Vance was asked on Thursday if the Trump administration would now turn its sights to Cuba after reaching a memorandum of understanding to end the war on Iran.
Trump has repeatedly floated both military attacks and what he has described as a “friendly takeover” of Cuba.
Vance responded that Washington wanted Cubans to be “happy and successful”.
“We’re actually talking to the Cuban government right now about how they could change their ways to change that,” Vance said.
“If they make smart decisions, we’re going to have a much better relationship with that island.”
For a fun note, Cuba use to be THE main sugar plantation island of the carribean until the filthy gommies declared sugar capitalist and got rid of the plantations to own America or something, any ways it means that if Cuba does go free market theres a giant opportunity for some one to start rolling out sugar plantations again and make a nice shiney peso out of it.
Basically all those old cars are just shells with their innards held together by spit and bailing wire at this point. Car guys freak out at the idea of a bit of Bondo being used on a classic car and then painted over. When they get a good look at what's going on under the hood of the cars on Cuba they're going to have heart attacks.
For a fun note, Cuba use to be THE main sugar plantation island of the carribean until the filthy gommies declared sugar capitalist and got rid of the plantations to own America or something, any ways it means that if Cuba does go free market theres a giant opportunity for some one to start rolling out sugar plantations again and make a nice shiney peso out of it.
The plantations came back and sugar got sold way above market price to the USSR so Cuba didn't look like just some glorified pet project for the Soviets.
Imagine how bad Chinese cars would be if they were mass imported to Cuba. They have virtually ZERO rust protection, internal parts that you can't see are extremely fragile and extremely cheaply made, and parts are even harder to come by than for vintage cars. And the unreliable power grid would make them almost impossible to keep charged to use. Cubans would just strip the cars of any copper and their EV batteries to sell or repurpose for other uses once the cars stop working.
Lmfao communism is dead once and for all. And no, "communist" china or vietnam don't count since they only retain the label to appeal to delusional Western tankies. Western tankies who, by the way, will soon go down the meat grinder.
At this point how is this guy not a retarded psyop who blew his cover? He steps his little roach legs on Cuban soil and they’re suddenly seriously putting market reform on the table? They probably wanted him to go to Venezuela to poison the leftist well there, but his stupid ass was just too obvious in Havana.
TBH Very tinfoil hat thinking but it’s more kino if true.
We'll call this shit "late stage Judeo-Bolshevism" lmfao
Every fucking Communist nation on earth bar literally fucking NORTH KOREA eventually puts that retarded bullshit behind and slowly embraces a free market. Look at China after Deng's reforms. MASSIVE difference.
We'll call this shit "late stage Judeo-Bolshevism" lmfao
Every fucking Communist nation on earth bar literally fucking NORTH KOREA eventually puts that retarded bullshit behind and slowly embraces a free market. Look at China after Deng's reforms. MASSIVE difference.
The problem: When commies take on economic reform, it ends in relative chaos. Instead of becoming the Denmark or Switzerland of the Carribean, they will become one huge brothel.
So, if the Trump administration takes down Cuba, Iran, and North Korea, through whatever means, makes Europe pay for its own defense, it'll signify the true end of the Cold War, instead of this weird homeostasis we've had since like the 1990s.
Cuba deciding "Fuck this, we'd rather be a modern nation" and tossing Communism in the garbage would be hilarious.
