Income and employment in Cuba in the context of global finance

Abstract

Since the end of the Bretton Woods agreement in 1973 and the rise of neoliberalism on a global scale in the 1980s and 1990s, capitalist production has restructured and made the organization of employment and labour more precarious in order to give greater flexibility to production processes, with a view to adapting the system to the financialized accumulation of capital. This article seeks to investigate the current experience of Cuban socialism, relatively protected from this financialized accumulation, comparing the dynamics of employment and income in this country with those prevailing in countries with financialized capitalism.