Cuba May Be Ready To Change Its Economic Model

In a report from Bloomberg, Fidel Castro, 84, signaled that Cuba may be drastically changing how the economy works on the island nation, and may start to move towards a more capitalist society. In a nation famous for its Communist ideals, Cuba is now looking to private enterprise for growth. In a conversation with a reporter, Castro said, "“The Cuban model doesn’t even work for us anymore”. He would not expand on his comment further. His brother Raul Castro, 79, has been in charge of Cuba's economic matters since 2006, when his brother handed over power to him four years ago. This could be the most radical reform to Cuba in a very long time says, Larry Birns, director of the Washington-based Council on Hemispheric Affairs, a research group. “Taken all together, we are witnessing what could be the most transformative moment in Cuba’s relationship with the outside world,” Birns said. “The Obama administration would be foolish not to engage in an effort at rapprochement between the U.S. and Cuba.”