The Cuban Communist Party debuted a set of economic reforms on Thursday, allegedly intended to facilitate attracting foreign investment, that would make it easier for regime-approved individuals to create corporations or buy shares of existing entities – clearly a response to American sanctions targeting the Party’s most important money-making entities.

While mainstream media covering the announcement this week insisted on referring to the reforms as “unprecedented” and “historic,” in reality, the Cuban regime announces some form of allegedly “unprecedented” economic reform every few years as a ploy to attract international investment. In…

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