CUBA 2015: The Socialist Economy Evolves


HAVANA, CUBA —The United States’ Democratic political system functions under the auspices of a capitalistic economy. In stark contrast, Cuba’s Communist political system, operates under the ideology of a Socialist economic system.

Reporting from the heart of Havana, Synclaire Cruel speaks with economist, Dr. C. Juan Triana Cordovi about the eventual philosophical changes he envisions in Cuba economic structure.

Socialism is a political, philosophical, and economic ideology which seeks to abolish private ownership for both the good of the proletariat (working classes), and the economy.

But Cubans have a somewhat different view of socialism, according to Dr. Triana, a Cuban economist.

In my personal opinion, what we are thinking when we hear and what it means to be socialist is that, we don’t want to renounce some of the most important values. Values like free education, free health care, and equal opportunities for everybody, no racial discrimination.

Cuba first became a socialist society, after the 1959 revolution led by Fidel Castro.

While under the same socialism model, Cuba experienced its worst economic period between 2007 and 2009.


Some Cuban citizens don’t feel prosperous even with good jobs such as educators.

However, Cubans are currently experiencing economic gains due to increases in construction, agriculture, and supply and demand.

Triana believes that the Cuban approach is what’s helping the economy,

first the government is trying to reduce their role in the Cuban economy. The government gave more space for private businesses in the corporate sector in the dynamic of the Cuban economy.

Cuba also implemented over 300 economic programs and government corruption laws to improve the economy.

Project Details

Client : Synclaire Cruel
Date : 12/09/2015
Skills : Stories

© 2015 Morgan State University School of Global Journalism & Communication. All rights reserved.