HAVANA - Communist-run Cuba has imposed price controls on goods and services ranging from lemons and pork to haircuts and taxi fares in what it says is an effort to tame inflation as it increases state wages and pensions.
In recent weeks, regional authorities have slapped price controls on taxi fares, beverages and haircuts, among other items. The price controls differ from province to province. The measures included increased wages and pensions for more than 2 million state employees. That amounts to 8 billion Cuban pesos annually, equivalent to 13% of this year’s budget.
Pork, a staple of the Cuban diet, has been set at 45 pesos a pound, although market sellers said it previously went for some 65 pesos a pound.
Boy, that's a real vegetable stand in 2019. I bet ya AOC can handle this economics! I mean socialist economics!
Price controls wouldn’t be a bad idea for capitalist countries. Especially for necessities.
Socialism. It always seems to end in starvation and death eventually.
johnjsuarez After 60 years in power , food still in short supply under the Castro regime.
johnjsuarez Imagínate un obrero estatal de los Castro tiene que trabajar una jornada de 8 horas para poder comprar una libra de guayaba para hacer un refresco tiene que trabajar otro día para comprar el azúcar, a éso llaman los Castro justicia social y respeto por nuestros Derechos Humanos
You reap what you sow!!!!
What works for Cuba 🇨🇺 will not work for Canada 🍁 vice versa. Best wishes to the Cuban people, you have bn here b4.
hahaha....yeah, that always works
Communist Cuba is great.
Price controls generally don't work and usually indicate the beginning of an economic crisis.
Lol...Trudeau Sr. and Venezuela tried that , didn't and doesnt work.Address the source of inflation is the answer.
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