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Skip to contentSkip to site indexSearch & Section NavigationSection Navigation SEARCH Americas SUBSCRIBE FOR $1/WEEKLog in Monday, April 29, 2024 Today’s Paper SUBSCRIBE FOR $1/WEEK Global Economy * I.M.F. Outlook * Inflation in U.K. Slows * China’s Strong Growth * Why Germany Can’t Quit China * A Confusing Moment in the U.S. Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT IN A COMMUNIST STRONGHOLD, CAPITALISTS BECOME AN ECONOMIC LIFELINE Cuba’s Communist revolution took aim at private businesses, making them largely illegal. Today, they are proliferating, while the socialist economy craters. * Share full article * * * Read in app La Carreta, a landmark Havana restaurant once owned by the government, has been reopened as a private business by two recent partners, a Cuban American and a local businessman.Credit...Eliana Aponte for The New York Times By David C. Adams David C. Adams visited more than a dozen private businesses in Havana to document the growth of the private sector. April 29, 2024Updated 8:30 a.m. ET Get it sent to your inbox. A modern grocery store whose shelves are packed with everything from pasta to wine fills a spot in central Havana once occupied by a drab state-owned flower shop, its ceilings and walls repaired and repainted. A former state glass company in a Havana suburb now houses a showroom for a private business selling Cuban-made furniture. And at the Cuban capital’s port, forklifts carefully unload American eggs from a refrigerated container. The eggs are bound for an online private supermarket that, much like Amazon Fresh, provides home delivery. These ventures are part of an explosion of thousands of private businesses that have opened in recent years across Cuba, a remarkable shift in a country where such enterprises have not been permitted and where Fidel Castro rose to power leading a communist revolution determined to eliminate capitalist notions like private ownership. Advertisement SKIP ADVERTISEMENT But today Cuba is confronting its worst financial crisis in decades, driven by government inefficiency and mismanagement and a decades-long U.S. economic embargo that has led to a collapse in domestic production, rising inflation, constant power outages and shortages of fuel, meat and other necessities. So the island’s communist leaders are turning back the clock and embracing private entrepreneurs, a class of people they once vilified as “filthy” capitalists. Subscribe to The Times to read as many articles as you like. * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2024 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options