Castro-style capitalism: Havana promises economic changes without relinquishing political control

It looked like a force vanquished by history, announcing the news of its own failure. Cuba is “living through the most difficult period of this century,” Cuban President Miguel Díaz-Canel told members of his government in June. “Reality demands urgent and necessary changes.”

The moment they had avoided for decades had finally arrived. They had weathered multiple crises, more than one wave of mass emigration and growing public discontent, postponing until now the admission that Cuba would, inevitably, have to open itself to the market. Díaz-Canel later confessed that the decision had been painful.

“Of course it pains me,” he told the

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