cuba free-market economic reforms
Definition
A package of legislative changes in Cuba intended to introduce private enterprise and market-based mechanisms into a centrally planned socialist economy.
A state-led adjustment policy aimed at mitigating fiscal crisis, international trade blockades, and domestic shortages of fuel and basic goods.
Examples
The government is rolling out so many free-market reforms that one might almost forget they are still calling for the total victory of the proletariat.
Nothing says 'steadfast commitment to the revolution' quite like frantically privatizing sectors because the alternative is a total collapse of the supply chain.
It is truly remarkable how quickly the definition of 'socialist integrity' can be redefined to include opening market stalls just to stave off an economic catastrophe.