Is Cuba going capitalist?

Mary O’Grady answers that question with a resounding, “No”:
Is Cuba Going Capitalist?
Its economic reforms are mostly an attempt to tax black market transactions.

Free prices, property rights and incentives for innovation would signal real change. But those things would also put the regime’s grip at risk. So instead it is trying to formalize and tax black market transactions to create jobs for state workers and raise revenues. The idea that this is capitalism would be funny too, were it not so sad.

And tragic, for the Cubans.

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There will be no Carnival of Latin America and the Caribbean this week.

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