Cuba flirts with property ownership

Eduardo Penalver explains at PrawfsBlawg:

Cuban law has long permitted private homeownership…The most significant difference is that Cubans are not permitted to buy or sell their homes. Cuba’s blanket prohibition on sales leads to enormous problems. …The outcome of the 1980s experiment illustrates why Raul Castro’s housing reforms are likely to fail this time around as well. … What the Cuban government refuses to acknowledge is that Cuba’s housing problem is not really a housing problem. It’s a socialism problem.

One Comment

  • You cannot have real property rights in the total absence of any Rule of Law.